Exxon Mobil Expects Neptun Block Development Costs To Reach At Least $3B

08.25.2011 By Andrei Circhelan

The costs of development and production on the Neptun oil block in the Black Sea will range between $3 and $10 billion, if exploration is concluded successfully, Thursday said Ian Fischer, head of the Exxon Mobil subsidiary involved in this project with OMV Petrom (SNP.RO).

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Keywords:
OIL
, DRILLING
, EXXON