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  • Exxon withdraws from race to buy stake in Namibia oil block from Galp, sources say

Exxon withdraws from race to buy stake in Namibia oil block from Galp, sources say

Reasons for withdrawal unclear
The offshore Mopane discovery could be valued at more than US$10 billion, according to some estimates.
Wendell Roelf, Ron Bousso and Sabrina Valle
Exxon Mobil has pulled out of the race to buy half of Galp Energia's stake in a large oil discovery in Namibia that has attracted interest from top energy companies, sources w
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