chartexchange

ExxonMobil Finds More Hydrocarbons in Angola's Offshore Block 15

Zacks Investment Research | Sep 11, 2026 12:22 PM EDT

ExxonMobil discovered oil and gas at the Vicango East-01 well in Angola's Block 15, finding 82 feet of high-quality sandstone with 22% porosity. This marks the 20th discovery in Block 15 over 30 years. The extended license until 2032 and favorable regulatory terms provide ExxonMobil additional time and flexibility for further exploration and development in the region.

Read original article