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ExxonMobil now one of Brazil’s largest acreage holders among
international companies
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Adds more than 640,000 net acres to ExxonMobil’s deepwater portfolio
offshore Brazil
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Seismic data acquisition planned in 2018 for operated blocks announced
in 2017
ExxonMobil
has increased its holdings in Brazil’s pre-salt basins after winning
eight additional exploration blocks during Brazil’s 15th bid round. The
blocks awarded add about 640,000 net acres to the ExxonMobil portfolio.
Six of the eight newly awarded blocks will be operated by ExxonMobil.
The additional blocks expand the company’s total position in the country
to more than two million net acres, making it one of the largest acreage
holders among international companies in Brazil.
“These recent bid round results add highly prospective acreage to
ExxonMobil’s deepwater portfolio that we will explore and develop with
our partners,” said Steve Greenlee, president of ExxonMobil Exploration
Company. “This acreage in Brazil’s pre-salt play will provide excellent
opportunities to deploy our deepwater expertise. We will continue
working with the government to develop these world-class resources for
the benefit of Brazilians for many years to come.”
ExxonMobil and its partners jointly won a total of eight blocks, which
include:
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Two blocks in the Santos area which ExxonMobil will operate with
partner Qatar Petroleum.
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Four blocks in the Campos area: ExxonMobil will operate two blocks
with partners Petrobras and Qatar Petroleum; Petrobras will operate
two blocks with partners ExxonMobil and Statoil.
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Two blocks in the Sergipe-Alagoas area which ExxonMobil will operate
with partners Queiroz Galvão Exploração e Produção (QGEP) and Murphy
Oil Corporation, and which will enhance the value of adjacent blocks
already held.
ExxonMobil plans to obtain 3-D seismic coverage in 2018 on more than
4,000 square kilometers, including all of the ExxonMobil-operated
exploration blocks announced in 2017, subject to permitting approvals.
The company now has interests in 24 blocks offshore Brazil. ExxonMobil
has worked in Brazil for more than 100 years.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and gas
company, uses technology and innovation to help meet the world’s growing
energy needs. ExxonMobil holds an industry-leading inventory of
resources, is one of the largest refiners and marketers of petroleum
products, and its chemical company is one of the largest in the world.
For more information, visit www.exxonmobil.com
or follow us on Twitter at www.twitter.com/exxonmobil.
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including project plans and schedules
could differ materially due to changes in market conditions affecting
the oil and gas industry or long-term oil and gas price levels;
political or regulatory developments; reservoir performance; the outcome
of future exploration and development efforts; technical or operating
factors; and other factors cited in under the caption “Factors Affecting
Future Results” on the Investors page of our website at exxonmobil.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180329006044/en/
Copyright Business Wire 2018
Source: Business Wire
(March 29, 2018 - 2:01 PM EDT)
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