Esso open to offers for Congo stake

Offshore staff

HOUSTON-- Esso Exploration and Production Congo is seeking strategic alternatives for its 30% interest in the deepwater 3,818-sq km (1,474-sq mi) Mer Tres Profonde Sud block (MTPS).

According to broker Indigo Pool, a division of Schlumberger, MTPS has undeveloped oil resources from five discoveries amounting to 500 MMbbl. There is further exploration potential in various structural and combination traps associated with Miocene and Oligocene deepwater channelized reservoirs draped over salt-cored structures.

08/04/2010