ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round. 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.
ExxonMobil and its partners jointly won a total of eight blocks, which include: two blocks in the Santos area which the company will operate with partner Qatar Petroleum; four blocks in the Campos area, and ExxonMobil will operate two blocks with partners Petrobras and Qatar Petroleum, and Petrobras will operate two blocks with partners ExxonMobil and Statoil. 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.
