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    EXXON UNIT HIKES ACREAGE INVENTORY ON ANGOLAN COAST

    Sept. 5, 1994
    A unit of Exxon Corp. has increased its acreage holdings off Angola. Esso Exploration Angola (Block 15) Ltd. signed a production sharing agreement with state owned Sonangol covering Block 15 in the Atlantic Ocean, about 80 miles off Soyo. Esso will operate the tract with a 40% interest. Its partners are BP Exploration (Angola) Ltd. 26-2/3%, Agip Angola Ltd. 20%, and Norway's Den norske stats oljeselskap AS 13-1/3%. Seismic surveys are to get under way this fall. No further information was

    A unit of Exxon Corp. has increased its acreage holdings off Angola.

    Esso Exploration Angola (Block 15) Ltd. signed a production sharing agreement with state owned Sonangol covering Block 15 in the Atlantic Ocean, about 80 miles off Soyo.

    Esso will operate the tract with a 40% interest. Its partners are BP Exploration (Angola) Ltd. 26-2/3%, Agip Angola Ltd. 20%, and Norway's Den norske stats oljeselskap AS 13-1/3%.

    Seismic surveys are to get under way this fall. No further information was disclosed on work commitments for exploration and development.

    Esso also holds 20% interests in Blocks 16 and 17, operated by units of Royal Dutch/Shell Group and Ste. Nationale Elf Aquitaine, respectively.

    Copyright 1994 Oil & Gas Journal. All Rights Reserved.

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