Maersk Inks Deepwater Gulf of Mexico Exploration Deal with ExxonMobil

Maersk Oil Gulf of Mexico Two LLC (Maersk Oil), a subsidiary of Maersk Oil America Inc., owned by Maersk Inc., has signed a joint venture agreement with Exxon Mobil Corporation under which Maersk Oil has acquired a 50% share in ExxonMobil’s interests in 37 leases in the central Gulf of Mexico. The leases cover a total area of some 213,000 acres (860 sq. km.), in water depths in the range of 4,500