Exxon Mobil announced on Wednesday that it has signed a memorandum of understanding with the government of Gabon to explore for oil and gas off the country’s coast.
The non-binding agreement marks an expansion of the U.S. energy giant’s presence in Africa, Reuters reported.
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The company already operates in Nigeria, Angola, and Mozambique, although it decided to exit Equatorial Guinea in 2022.
An Exxon spokesperson said in a statement that the company will collaborate with Gabonese authorities to explore both deepwater and ultra-deepwater offshore areas for potential oil and gas resources.
Earlier in August, Exxon signed a similar deal with Trinidad and Tobago to explore deepwater regions, marking its first return to the Caribbean nation in more than two decades.
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