Exxon controlled 80% of the block, with state-owned Ghana National Petroleum Corp. holding 15% and Ghana Oil Co., the remaining 5%. The two partners will now have to search for a new operator for the block, the people said.
The work done so far included processing about 2,200 square kilometers (850 square miles) of seismic data, but Exxon didn’t drill any exploration wells, the people said.
Exxon couldn’t immediately comment during the Memorial Day holiday in the U.S. Representatives for Ghana National and Ghana Oil couldn’t immediately be reached.
Source:
worldoil.com
