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Exxon relinquishes its 80% stake
- Exxon owns an 80% stake in Cape Three Points Offshore
The Oil and Gas giant Exxon Mobil will reportedly relinquish its 80% stake in Ghana’s Deepwater Cape Three Points offshore block. A spokesman confirmed in an email to Reuters
In an email, the Spokesperson for Exxon, Ghana Preba Arkaah, stated that “Exxon Mobil is prioritising near-term capital spend on the most advantaged assets with the lowest cost of supply in the portfolio including developments in Guyana, Brazil and the U.S. Permian Basin”.
Ghana’s energy ministry and petroleum regulatory agency could not be reached for a response.