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The Largest Oil Company in the US Leads the Exploration Project in the Sergipe-Alagoas Basin in Northeast Brazil with a 50% Participation. Enauta and Murphy Oil Corp Also Operate in the Asset.
ExxonMobil, the largest oil company in the US, is drilling a new offshore area in Brazil that could produce 1 billion barrels of oil and gas, said its partner Murphy Oil. The announcement was made this Wednesday (3/23) by Murphy Oil, one of Exxon’s partners in the block, reports Reuters. Note: ExxonMobil’s press office informed the CPG portal that it does not make estimates regarding its production or projects.
If the exploration is successful, it would be Exxon’s first oil discovery in Brazil as an operator.
This is the first exploratory well of nine blocks that the three companies jointly hold in the Sergipe-Alagoas basin. “The Cutthroat area has a gross resource potential that ranges between 500 million and 1.05 billion barrels of oil equivalents”, he said.
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Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.
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The rise in oil prices could ensure an extra revenue of R$ 100 billion for the Federal Government, indicates a recent economic study.
According to Murphy Oil’s CEO, Roger Jenkins, in a presentation to investors, Exxon’s drilling in the so-called Cutthroat reserve is expected to be completed in the coming weeks.
ExxonMobil’s Oil Discovery in Sergipe Promises to Generate Many Job Opportunities and Boost the Entire Regional Production Chain
The Start of ExxonMobil’s Oil Exploration in Sergipe Promises to Bring Opportunities to the State, generating jobs and boosting the entire regional production chain.
The environmental license, issued on February 17, allows ExxonMobil to drill the well in ultra-deep waters of the Sergipe-Alagoas Basin. The license released by the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) authorized the American oil company to start its oil and gas exploration campaign in the area, covering up to 11 wells, valid for five years.
The wells to be explored by the giant US oil company are located in blocks SEAL-M-351, SEAL-M-428, SEAL-M-430, SEAL-M-501, SEAL-M-503, and SEAL-M-573.
Drilling at the Cutthroat prospect is being carried out by the West Saturn rig from Seadrill. The nearest well to the coast will be located 67 km from the municipality of Brejo Grande, and the depth of the pioneering well is expected to be up to 3.8km.
Exxon leads the exploration project in the Sergipe-Alagoas Basin in Northeast Brazil with a 50% participation, in partnership with the Brazilian oil company Enauta with 30% and Murphy Oil Corp based in Houston with 20%.
Multinational ExxonMobil Signs Contracts in Brazil and Calls for 116 Vacancies for High School, Technical and Higher Education
116 job openings for those dreaming of working onshore or offshore have been opened by the largest oil company in the US. Those interested in the opportunities can submit their resume directly on the company’s website, AT THIS LINK.
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