Tag: Exploration

Statoil acquires Exxon’s SA exploration asset
Global

Statoil acquires Exxon’s SA exploration asset

Statoil has completed a transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35% interest in Exploration Right 12/3/252 Transkei-Algoa. Operator ExxonMobil retains 40% interest, while Impact Africa holds 25%.The license covers approximately 45,000 square kilometres in water depths up to 3,000 metres. Statoil has also completed […]