ExxonMobil has signed a production-sharing contract for deepwater Block 59 offshore Suriname with state-run company Staatsolie Maatschappij Suriname, the supermajor announced on Thursday.
"The block adds significant acreage to ExxonMobil’s operated portfolio in the Guyana-Suriname Basin," the company said in a statement.
The block shares a maritime border with Guyana, where Exxon is the operator of three offshore blocks, including the Liza field.
Exxon has announced a series of massive oil discoveries off the coast of Guyana over the past year.
However, experts have said the disposal...
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