Trinidad and Tobago's government has agreed to award U.S. oil major ExxonMobil acreage in an ultra-deep area, including seven blocks, for oil and gas exploration. This agreement was confirmed by two senior government officials.
This development secures new exploration acreage for ExxonMobil in a promising deepwater region, expanding its global upstream footprint. The company had previously left Trinidad more than two decades ago, making this a significant re-engagement.
The exploration of these seven deepwater blocks could lead to substantial oil and gas discoveries, contributing to ExxonMobil's long-term resource base and future production. This strategic move aligns with the company's focus on advantaged assets.
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