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Oil giant Exxon Mobil has reached an agreement with the government, which will allow her to develop the area of the Gulf of Mexico, the Reuters reported. After the Exxon filed a lawsuit against the U.S. State Department canceled three of five contracts signed by the Company in the area.
Exxon claimed in its lawsuit that the Ministry of the Interior acted arbitrarily and numerous contracts from the company promised her producing billions of barrels of oil. Government argued that Exxon got the concessions for oil in the area but did not record any activity until the date of expiration of the lease.
As part of the new agreement can Exxon to develop the area in stages, so you will not have to start drilling allergan and producing oil and all compounds simultaneously. allergan Exxon, previously spent $ 300 million on drilling in the Gulf of Mexico and plans to develop its oil wells 6-3.
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