Email
Print 
Bookmark
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.
Related Categories :
Government Bids
More Government Bids News
-
Iraq Energy Cabinet, Schlumberger Ink $480MM Well Deal
-
W&T Offshore High Bidder on GOM Lease; Updates Credit Facility, Hedges
-
W&T Offshore Submits Winning Bid on Two Shallow GOM Blocks
-
Talos Wins GOM Exploration Blocks in Latest Bid Round; 11,520 Gross Acres
-
Australia Opens 2020 Bid Round for New Offshore Permits
South America News >>>
-
Hess Corporation First Quarter 2023 Results -
-
Shell Fourth Quarter, Full Year 2022 Results -
-
Shell CEO van Beurden to Step Down; Wael Sawan Tapped as Successor -
-
APA Corp. Strikes Oil Offshore Suriname at Baja-1 Well; Dry Hole at Block 58 -
-
GeoPark Limited Second Quarter 2022 Results -
