Monday, March 15, 2010

Exxon Mobil (NYSE:XOM) Financing Secured for Esso Highlands

Exxon Mobil Esso Highlands Financing

Exxon Mobil (NYSE:XOM) announced the financial arrangements for the Esso Highlands project in Papua New Guinea is complete, with an estimated $15 billion in investment in the first round.

The project entails liquefied natural gas, which includes Exxon Mobil partners Santos Ltd. and Oil Search Ltd., which have secured agreements with its lenders and customers of LNG.

Esso Highlands has a 33.2 percent stake in the venture.

Exxon Mobil Esso Highlands Financing

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