Offshore staff
DALLAS – Exxon Mobil Corp. and Statoil ASA will keep leases covering the Julia deepwater Gulf of Mexico oil field in a settlement with the US Department of Interior.
Exxon and Statoil agree to begin production by mid-2016 from an offshore installation and to pay additional fees to retain the giant prospect, reports the Wall Street Journal.
Exxon had applied to extend its 10-year lease for an additional five years, but DoI denied the extension saying the operators had not set a specific development plan for the field.
01/09/2012
