IRVING, Texas -
Oil company Exxon Mobil Corp. said Friday that a subsidiary has received two additional licenses from the Irish government for exploration in the Porcupine Basin of the Irish Sea.
The new awards bring the company's total interest in the basin to 18 exploration blocks plus an option for an additional 15 blocks.
The licenses are located in water with depths exceeding 6,500 feet and cover an area of 760,000 acres, the company said.
ExxonMobil (nyse: XOM - news - people ) Exploration and Production Ireland Ltd. has an 80 percent interest in the two new license areas. Providence Resources PLC and Sosina Exploration Ltd. hold the remaining interest.
Exxon Mobil shares fell 51 cents to $84 in premarket trading after closing at $84.51 on Thursday
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