Exxon Mobil Acquires Exploration Acreage Offshore Egypt

By Raafat Ibrahim/Cairo/ oil& energy News Agency

 Exxon Mobil has been awarded exploration rights to the Nile Delta Block 3 (North East El Amriya Offshore Block), following the Egyptian Natural Gas Holding Co. International bid round.

The block is located in the Mediterranean Sea approximately 155 kilometers offshore Egypt. ExxonMobil will operate Block 3 concession area on a 100 percent basis.

“Building on our successful business and strong partnership in Egypt’s growth, we are truly enthusiastic about this new opportunity to expand ExxonMobil’s business. This comes on the backdrop of a progressive economic environment demonstrated by the bold reforms and effective implementation of the Ministry of Petroleum’s modernization program,” said Engineer Hesham Elamroussy, Chairman and Managing Director, ExxonMobil Egypt.

“The addition of this block reaffirms ExxonMobil’s commitment to pursuing high-quality opportunities in Africa,” said Pam Darwin, President of ExxonMobil Exploration Africa Limited. “ExxonMobil has been part of Egypt’s growth for more than 115 years, and we look forward to continuing to play a key role in the development of Egypt’s resources through the application of our upstream expertise. We commend Egypt’s efforts over recent years to reform the economy, redefine its energy sector and unleash the country’s productive capacity.”