Exxon Mobil Corp is keen to take part in the tender for Peruvian oil blocks, president of Perupetro SA, Daniel Saba, said. A tender for the auction of ten blocks will be launched in January 2010 by Perupetro. ExxonMobil is also looking at possibility to team up with another oil company which already operates in the country.

Iraq awarded a contract to develop the West Qurna oilfield to Exxon Mobil Corp. and Royal Dutch Shell plc a month before the country holds its second licensing round for oilfield contracts since the 2003 U.S. invasion. The initial agreement will be submitted to the Iraqi government for approval. The companies will be paid a fee of $1.90 a barrel for the oil they produce, the maximum set by the government in a June licensing round.

Falcon Oil & Gas Ltd. had completed a joint gas exploration programme in Hungary's Mako Trough with ExxonMobil and Hungarian oil and gas company MOL. Falcon completed the initial work programme, which involved a USD 50m commitment by Exxon Mobil Corp. and MOL, after finishing a third fracture at a well in the Szolnok Formation of the trough. ExxonMobil recommended earlier in the autumn that the exploration and production programme be abandoned after two fracture stimulation tests. But Falcon said both of its partners in the programme later agreed to fracture stimulate another section in the formation.