ExxonMobil: wins Brazil oil exploration block
(CercleFinance.com) - ExxonMobil has won rights to look for oil in Brazil's pre-salt basins, the US oil giant said on Friday.
The block awarded adds about 88,900 net acres to the ExxonMobil portfolio, expanding the company's total position in the country to over 2.2 million net acres.
ExxonMobil now has interests in a total of 25 blocks offshore Brazil, it said.
ExxonMobil plans to obtain seismic coverage in 2018 on more than 7,500 square miles: 3-D seismic survey work is already underway.
With a 30% stake in the Uripuru block, Petrobras will be the project's operator, with Exxon and Equinor both holding 28% each.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The block awarded adds about 88,900 net acres to the ExxonMobil portfolio, expanding the company's total position in the country to over 2.2 million net acres.
ExxonMobil now has interests in a total of 25 blocks offshore Brazil, it said.
ExxonMobil plans to obtain seismic coverage in 2018 on more than 7,500 square miles: 3-D seismic survey work is already underway.
With a 30% stake in the Uripuru block, Petrobras will be the project's operator, with Exxon and Equinor both holding 28% each.
Copyright (c) 2018 CercleFinance.com. All rights reserved.