How BP shunted ExxonMobil off Tortue

摘要

As exclusively revealed by Africa EnergyrnIntelligence ( AEI 791), and since confirmedrnby Emma Delaney, BP’s new headrnof commercial and planning for Africa andrnEurope, the agreement signed last weekrnbetween the British major and Timis Corprnwas hammered out under particularlyrnstrained conditions. Holding 25% ofrnSenegalese permits Saint Louis OffshorernProfond and Cayar Offshore Profond, onrnwhich the Senegalese side of the Tortuerngas field is located, Timis Corp had initiallyrnlooked to made a deal with ExxonMobilrntowards the end of last year ( AEI 787).rnThe American major had even signed anrnexclusivity agreement with Frank Timis’rncompany, intending to buy its minorityrnshares in Saint Louis Offshore Profondrnand Cayar Offshore Profond.