ExxonMobil set to pull out of consortium for South Sudan Block B

ExxonMobil plans to withdraw from a consortium lined up to explore three oil blocks in South Sudan, according to sources in Juba. The blocks together make up Block B, a 118,000km2 area of Jonglei state divided into three in 2012.“I’ve heard that ExxonMobil have withdrawn from the Total consortium because of the difficulties they’re facing operating in the country,” said an oil industry source in Juba. “Their assessment is that the development of Block B will take forever and there’s so much uncertainty.”