Exxon Eyes Risky Afghanistan In Change Of Course

Law360, New York (July 3, 2012, 5:43 PM EDT) -- Exxon Mobil Corp. is weighing a bid on Afghanistan's upcoming oil tender, a change of course for the energy giant after skipping early bid rounds in the country, which is considered wildcat territory even by the high-risk, high-reward standards of Middle East oil exploration.

Exxon subsidiary Esso Exploration International Ltd. filed an expression of interest over the weekend to gain access to seismic and well data about the Afghan-Tajik formation, where six exploratory blocks near the northern city of Mazar-i-Sharif are up for grabs. Bids are...
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