Madagascar: ExxonMobil deepwater licenses extended

ExxonMobil Corp. affiliates will resume work in preparation for deepwater exploratory drilling after Madagascar formalized extensions to three production sharing contract licenses.

The affiliates intend to resume exploratory and environmental work for shore-based and offshore operations on the Ampasindava, Majunga, and Cap St. Andre licenses.

ExxonMobil Exploration & Production (Northern Madagascar) Ltd. operates Ampasindava with 70% interest. Sterling Energy holds 30% interest.

ExxonMobil Exploration & Production Madagascar Majunga Ltd. operates Majunga with 50% interest. BG International holds 30%, Petrovietnam Exploration & Production 10%, and SK Innovation 10%.

ExxonMobil Exploration & Production Madagascar Ltd. has 100% interest in Cap St. Andre.