By mid-December 2018, US-giant ExxonMobil Corp was reportedly in discussion with Trident Energy and possibly Kosmos Energy regarding the divestment of its 71.25% operated interest in the producing Zafiro Complex, offshore Bioko Island. Industry sources suggest that the deal could be worth close to USD 1 billion. ExxonMobil is understood to keep its operated interests in nearby blocks EG-06 and EG-11 for now.  Exxon Mobil has always been the largest oil producer in Equatorial Guinea. In 2017, it produced 75,000 bo/d from the Zafiro Complex, which represented 55% of countryâs output (Kosmos/Trident counted for 32% from Ceiba/Okume fields). The peak oil at Zafiro was reached in 2004 (280,000 bo/d) and as of late 2017, the Complexâs cumulative production exceeded 1 Bo.Â  So far, participants in the Zafiro Complex field are Exxon Mobil, with 71.25% interests and the National Oil Company GEPetrol, with 28.75% interests.   Trident Energy took the lead on the production operations at Ceiba and Okume Complex during 2017, with Kosmos Energy as partner focusing on the surrounding exploration blocks.
ExxonMobil Corp was reportedly in discussion with Trident Energy and possibly Kosmos Energy regarding the divestment of its 71.25% operated interest in the producing Zafiro Complex, offshore Bioko Island. 