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

Sede da ExxonMobil

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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.

ARTICLE CONTINUES BELOW

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

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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The seemingly endless sand is disappearing: the world extracts 50 billion tons per year from rivers and beaches, a volume comparable to 19,000 pyramids of Giza, while mafias profit, islands disappear, and city concrete is threatened until 2050.

Scientists drill 8,000 feet of ice in Antarctica and race against time before the hole freezes over again to bury the world’s deepest seismometers and turn the South Pole into a giant ear for earthquakes across the entire planet.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

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