Cairo – Mubasher: ExxonMobil has secured exploration rights to two blocks, Masry and Cairo, offshore Egypt. The blocks are situated in the outer Nile Delta and cover more than 11,000 square kilometers.
The awards are subject to governmental approval of the concession agreements covering the blocks, and their signature in due course, according to a press release on Tuesday.
ExxonMobil Egypt (Upstream) will operate both blocks and hold 100% interest. Exploration activities are scheduled to start in 2023, subject to the signature of the concession agreements.
ExxonMobil Vice President of Global Exploration John Ardill, said: “The addition of these blocks will further strengthen ExxonMobil’s exploration portfolio in Egypt and the East Mediterranean.”
Ardill continued: “We look forward to working with the government to explore this frontier area, utilising ExxonMobil’s proven expertise and advanced technology.”
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.
ExxonMobil Egypt is a leading provider of high-quality lubricants and fuels and has a wide network of convenience retail shops. It has over 350 service centers under “Mobil” name, more than 110 service centers for Mobil 1 and Mobil Autocare, in addition to 27 “On the Run” branches, and a rising number of “Way to Go” branches that reached 18 branches.
