ExxonMobil has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block. The block is located 92 km off the coast of Ghana. It measures approximately 1,482 km2 in water depths ranging from1,550 to 2,850 m.
ExxonMobil will carry out the work program as operator. The company will hold 80 % interest and Ghana National Petroleum Corporation 15 %. ExxonMobil will work with the government to identify a Ghanaian company to potentially hold up to 5 % interest. The agreement is subject to parliamentary ratification.
- ExxonMobil, Irving, TX, USA