ExxonMobil sells interests in 20 deepwater GoM tracts to Neftegaz

Offshore staff

HOUSTON – ExxonMobil has sold a 30% interest in 20 deepwater Gulf of Mexico exploration blocks to Neftegaz America Shelf LP.

The 20 blocks have a total area of approximately 111,600 acres (450 sq km) in water depths ranging between 2,100 and 6,800 ft (640 and 2,070 m). Seventeen are in the Western Gulf of Mexico and three are in the Central Gulf of Mexico.

The 20 blocks are:

Western Gulf of Mexico – Alaminos Canyon 569, 612, 613, 655, 656, 657, 698, 699, 700, and 701; East Breaks 429, 471, 472, 473, and 515; Keathley Canyon 529 and 573.

Central Gulf of Mexico – Walker Ridge 629, 673, and 717.

Neftegaz is an indirect independent subsidiary of Rosneft.

This sale is part of Rosneft’s and ExxonMobil’s implementation of a Strategic Cooperation Agreement signed in 2011, under which the companies and their subsidiaries plan to undertake joint exploration and development of hydrocarbon resources in Russia and other countries, and to share technology and expertise.

3/07/2013

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