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Exxon has increased its holdings in Brazil's pre-salt basins after winning the Uirapuru exploration block with co-venturers Equinor and Petrogal Brasil during Brazil's 4th pre-salt bid round.
The block awarded adds about 88,900 net acres to the ExxonMobil portfolio, expanding the company's total position in the country to more than 2.2 million net acres.
ExxonMobil plans to obtain seismic coverage in 2018 on more than 7,500 square miles. 3-D seismic survey work is already underway on two blocks in the Northern Campos area offshore Brazil. Preparations are under way to obtain the necessary approvals to commence drilling activities.
Development plans are also under way in the Equinor-operated Carcara field, where drilling began in late April. The Carcara field contains an estimated recoverable resource of more than 2 billion barrels of high-quality oil.
ExxonMobil now has interests in a total of 25 blocks offshore Brazil.
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