ExxonMobil makes oil discovery in Equatorial Guinea Block EG-06
December 12, 2017 | Equitorial Guinea, Exploration / Discoveries
London, UK | – The Equatorial Guinea Ministry of Mines and Hydrocarbons announced that American multinational oil and gas corporation, ExxonMobil has struck oil with its Avestruz-1 well in Block EG-06. The government of Equatorial Guinea has partnered with ExxonMobil in Block EG-06 through a 20-percent stake held by Equatorial Guinea national oil company GEPetrol. The well was drilled in October 2017. The operator is now assessing potential commerciality. Avestruz-1 is located approximately 160 kilometres offshore Malabo in an exploration area adjacent to ExxonMobil’s Zafiro …