The company also holds exploration rights offshore Indonesia.
Mobil holds exploration rights over three other tracts under a separate pact signed last year.
The company has exploration rights to about 2.2m acres across Nigeria's delta and offshore.
Many of those companies are unproved businesses with exploration rights, but no income.
I will be delighted if and when oil companies contact me for those exploration rights.
Hunt Oil received exploration rights to more than seven million acres in southern Laos.
In the 2000s, the Puntland government began official negotiations with foreign oil companies over exploration rights in the area.
The basin has been divided into 21 blocks, and exploration rights have been awarded for many of them.
The exclusive exploration rights would cover the next three years while the company's estimated spending during this period will be 10 million dollars.
The new rules sharply reduce the time and legal requirements for obtaining exploration rights on Mexican lands; they complement earlier changes in tax rates.