Portuguese 
English 
Spanish 
2 min of reading 
ExxonMobil CEO, Darren W. Woods Said, During a Presentation to Investors on the New York Stock Exchange, That the Company Aims to Increase Its Activities in Brazil
During a presentation to investors on the New York Stock Exchange (NYSE), Darren W. Woods, CEO of the oil company ExxonMobil, stated that the company plans to increase its exploratory activities in Brazil this year and in 2021.
- Logistics Company Operating at Porto do Açu Closes the Week with Job Openings for São João da Barra
- Petrobras Signs Contract with NOV
- Offshore Air Taxi Service Provider, Líder Aviação, Opens Job Opportunities in Different Cities
For this year, the expectation is that the company will drill a well in the Titan area, in the Santos Basin, where Exxon is the operator with a 64% stake, alongside QPI Brazil, which holds the remaining 36%.
-
Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.
-
Oil price falls even with Trump’s threats to Iran and rising geopolitical tensions in the Middle East impacting global market expectations.
-
China discovers more than 200 new oil and gas fields in the last five years
-
Petrobrás indicates a strong first quarter in 2026 with high production, robust cash generation, and an expectation of up to $2.4 billion in dividends for shareholders.
For next year, it is expected that the company will drill in blocks SEAL-M-351 and SEAL-M-428, considering the expiry of the first and second exploratory periods of the areas. The request to Ibama for the activities’ license was submitted in September of last year.
Since 2018, ExxonMobil has submitted 3 environmental license applications to Ibama, involving the drilling of 33 wells in the country (17 in the Campos and Santos Basins, 11 in Sergipe-Alagoas, and 5 in Campos).
The CEO of the company also stated that the development of the first phase of the Bacalhau (Carcará) field is progressing on schedule. In this project, Equinor is the company’s partner.
In Brazil, Exxon has interests in 29 assets, being the operator in 19 of them.
Be the first to react!