December 30, 2019 / 1:12 PM / in 2 months

Exxon acquires 1.7 mln exploration acreage offshore Egypt

Dec 30 (Reuters) - Exxon Mobil Corp said on Monday it acquired 1.7 million acres for exploration offshore Egypt, with operations scheduled to begin in 2020.

The acquisition includes acreage in the 1.2 million North Marakia Offshore block located about five miles offshore Egypt's northern coast and 543,000 acres in the North East El Amriya Offshore block in the Nile Delta, the company said. (Reporting by Shanti S Nair in Bengaluru; Editing by Anil D'Silva)

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