Dec. 30, 2019
Jordan Blum
Exxon Mobil said Monday it secured a large exploration position offshore of Egypt as the United States' largest energy player expands its role in developing oil and gas resources in the Eastern Mediterranean.
Exxon Mobil, which made a large natural gas discovery offshore of Cyprus 10 months ago, now plans to grow nearby in Egypt's territorial waters. Exxon also has discussed exploring offshore of Israel.
"These (acreage) awards strengthen our exploration portfolio in the Eastern Mediterranean," said Mike Cousins, Exxon's senior vice president of exploration and new ventures. "We look forward to working with the government and deploying our proven expertise and advanced technology."
Jordan Blum
Exxon Mobil said Monday it secured a large exploration position offshore of Egypt as the United States' largest energy player expands its role in developing oil and gas resources in the Eastern Mediterranean.
Exxon Mobil, which made a large natural gas discovery offshore of Cyprus 10 months ago, now plans to grow nearby in Egypt's territorial waters. Exxon also has discussed exploring offshore of Israel.
"These (acreage) awards strengthen our exploration portfolio in the Eastern Mediterranean," said Mike Cousins, Exxon's senior vice president of exploration and new ventures. "We look forward to working with the government and deploying our proven expertise and advanced technology."
