Consent to focus: ExxonMobil & Total, the search for natural gas

abarrelfullabarrelfull wrote on 29 Jul 2011 05:46
Tags: exxon gas poland shale total

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ExxonMobil Exploration and Production UK and Total E & P Canada will jointly explore natural gas in north-eastern Poland. President of the OCCP has agreed to create two joint ventures

ExxonMobil Exploration and Production UK operates primarily on the mining market, crude oil and natural gas. The main business of the company Total E & P Canada include exploration, drilling and exploitation of hydrocarbon deposits. As a result of two separate concentration comes to the creation of companies ExxonMobil Exploration and Production UK Energy Chelm and ExxonMobil Exploration and Production Energy Zamosc Poland . They will deal with the exploration of natural gas in south-eastern Poland.

In accordance with the provisions of the transaction is subject to notification to the antitrust authority, if it involves enterprises whose total turnover in the preceding year exceeded EUR 1 billion worldwide, or 50 million euros in Poland

Following two antitrust proceedings the President of the Office found that the concentrations will not significantly reduce competition.

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