Equinor and ExxonMobil Transfer Shares in a Marine Block in Suriname, Media Reported
Norwegian oil and gas group Equinor is leaving Suriname and, together with ExxonMobil, is transferring shares in the deepwater exploration block to the American energy company Hess, Reuters reports.
“Equinor and ExxonMobil announced on Wednesday that they had transferred their shares in a deepwater oil and gas exploration block off the coast of Suriname to Hess, while the Norwegian oil producer left the South American country,“ the agency writes.
According to Reuters, Equinor’s refusal of an exploration license in deepwater block 59 and withdrawal from Suriname are in line with the company‘s strategy, which plans to focus on key oil and gas production regions such as Norway, the Gulf of Mexico and Brazil, as well as increase investments in renewable energy sources and low-carbon energy.
As for ExxonMobil, which previously headed the consortium, it has transferred control of the block to Hess and maintains its presence in block 52 in Suriname, the message says.
Equinor Energy Group was founded in 1972, and was named Statoil until May 2018. The company operates in more than 30 countries. Norway is the largest shareholder.
ExxonMobil, headquartered in Texas, is one of the largest private oil companies in the world. It was founded in 1999 through the merger of Exxon and Mobil companies. He works in more than 60 countries, employs 62 thousand people.
