ExxonMobil: Secures exploration acreage offshore Egypt
- ExxonMobil is a global leader in LNG project execution and also holds an industry-leading inventory of resource
- Acquires more than 1.7 million acres offshore Egypt
- Adds upstream interests to longstanding downstream business in Egypt
- Exploration operations also scheduled to begin in 2020
- The acquisition includes acreage in the 1.2 million North Marakia Offshore block
- The awards add upstream interests to ExxonMobil’s long standing downstream presence in Egypt
