ExxonMobil Expects Brazil and Guyana to Be Key Drivers of Oil and Gas Market in 2021

Written by Valdemar Medeiros

Published on 04/12/2020 at 11:34

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One Of The Largest International Oil And Gas Publicly Traded Companies In The World – ExxonMobil Has Amazing Plans That Include The Brazilian And Guyana Markets.

ExxonMobil expects Brazil and Guyana to be the main drivers of its oil and gas market growth ambitions in the future, as the American supermajor aims to concentrate most of its exploration and production development activities in the two South American nations.

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“We have a robust oil and gas market exploration program ahead,” we reduced global capital spending by 30%, but we continue to invest in offshore oil and gas exploration to grow, and Brazil and Guyana have strong and very competitive projects,” said ExxonMobil Brazil President Carla Lacerda at a panel during the digital conference Rio Oil & Gas 2020 on Wednesday.

ExxonMobil Has Drilling Plans In The Offshore Oil And Gas Market In Brazil

ExxonMobil plans to start a drilling campaign for two oil wells in Brazil in January targeting pre-salt deposits using the Seadrill West Saturn drilling ship. The program will consist of drilling the pioneering Opal in Block CM-789 in the Campos Basin and the Titan prospect in the pre-salt area of Tita, in the Santos Basin.

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ExxonMobil Unit In Guyana Continues

In Guyana, ExxonMobil has been conducting an aggressive exploration campaign that has resulted in nearly 20 discoveries so far in the prolific Stabroek block. “Our biggest challenge is to keep our operations resilient, but in the long term – until 2040 – we still believe that oil and natural gas will have an important role in the world,” Lacerda added.

“Our dual challenge will be to continue producing energy more responsibly and with fewer carbon emissions. And Brazil will have a relevant role.”

Participating in the same panel, Shell Brazil President André Araújo said that the Anglo-Dutch supermajor has been focusing on capital discipline, adding that the company is also seeking renewable sources for growth.

“We have teams in Brazil analyzing oil and gas, but also solar energy and other renewable energy sources. There needs to be a balance between hydrocarbons and renewable energies in the future,” said Araújo.

ExxonMobil Expects Brazil and Guyana to Be Key Drivers of Oil and Gas Market in 2021

One Of The Largest International Oil And Gas Publicly Traded Companies In The World – ExxonMobil Has Amazing Plans That Include The Brazilian And Guyana Markets.

Read Also

ExxonMobil Has Drilling Plans In The Offshore Oil And Gas Market In Brazil

ExxonMobil Unit In Guyana Continues

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ExxonMobil Expects Brazil and Guyana to Be Key Drivers of Oil and Gas Market in 2021

One Of The Largest International Oil And Gas Publicly Traded Companies In The World – ExxonMobil Has Amazing Plans That Include The Brazilian And Guyana Markets.

Read Also

ExxonMobil Has Drilling Plans In The Offshore Oil And Gas Market In Brazil

ExxonMobil Unit In Guyana Continues

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

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He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

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