ExxonMobil Transfers Equatorial Guinea Assets to GEPetrol, Ending Decades of Operations

• ExxonMobil exits Equatorial Guinea, passing oilfield operations to national company GEPetrol
• Equatorial Guinea seeks to attract new investors with a revamped fiscal regime

ExxonMobil has officially concluded its operations in Equatorial Guinea, transferring its assets to the national oil company, GEPetrol, according to Minister of Hydrocarbons and Mineral Development Antonio Oburu Ondo.