ExxonMobil quits 80% stake in Ghana acreage to focus on Guyana, others.

Kaieteur News – America’s king of oil exploration, ExxonMobil Corporation, this week relinquished its majority interest in Ghana’s Deepwater Cape Three Points block located offshore. This news was confirmed with Reuters, Bloomberg and other international media agencies yesterday.

Preba Arkaah, a spokesman for Exxon in Ghana said via correspondence, “ExxonMobil 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.”