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Exxon Ends Oil Search With Total in South Sudan as War Rages

Exxon Mobil Corp., the U.S.’s largest oil company, ended exploration plans with Total SA in South Sudan, Total and the government said, a sign of faltering investor confidence in the African nation as a civil war enters its eighth month.

Exxon in April didn’t renew an agreement with Total to negotiate for joint-exploration over parts of a 120,000 square-kilometer (46,300 square-mile) concession in Jonglei state, Total spokeswoman Anastasia Zhivulina said in an Aug. 12 e-mailed response to questions. Total is still bidding to explore in partnership with Kuwait’s state-owned Kuwait Foreign Exploration Petroleum Co. she said. Exxon spokesman Patrick McGinn said by e-mail that the company doesn’t comment on specific ventures.