Exxon Quits Colombia Oilfield ...Middle East

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Exxon Quits Colombia Oilfield
source : OILPRICE ( Middle East ) () 37
ExxonMobil has decided to withdraw as of May 31 from a joint venture operating agreement for an oil and gas field in Colombia, the partner in the venture said on Tuesday, not even a month after pulling out of a sizeable project in Brazil. Sintana Energy said in a regulatory filing that ExxonMobil had sent its subsidiary Patriot Energy Oil and Gas a notice stating that, based on the terms of the Joint Operating Agreement between ExxonMobil and Patriot, the U.S. supermajor had decided to withdraw from the agreement as of May 31, 2023.     …

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