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The Oil Giant ExxonMobil Informed ANP Last Friday (30/07) About The Existence Of Indications Of Oil And Natural Gas In The Area Of Block CM-789
The oil company ExxonMobil announced that it found indications of oil and natural gas in an important well in ultra-deep waters, located in the Campos Basin, but the company did not state whether the discovery is economically viable. The indication of the existence of oil and gas in the asset was announced by the ANP last Friday (30/7). See also: ExxonMobil Revises Business Plan And Removes Less Strategic Assets. Company Suffered A Loss Of US$ 20 Billion In The Fourth Quarter
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Details About The Indications Of Oil And Gas In The Asset
ExxonMobil will study the results of well Opal-1A to evaluate the exploration potential, the company said in a statement. Its partners in the asset, located in the Campos Basin, are Petrobras and Qatar Petroleum.
ExxonMobil hired the West Saturn drillship from Seadrill for campaigns in Brazil. In January, it received a license to drill two firm wells and four contingent on the results of the campaign. In total, the company mapped 15 possible locations in blocks BM-C-753, BM-C-789 (both in the Campos Basin), BM-S-536, BM-S-647, and Titã (the three in Santos).
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Great Success Of The Pre-Salt In The Campos Basin
The exploration industry in Brazil is awaiting the results of this well, and others, to help determine how far the pre-salt region extends beyond the initial group of fields discovered by Petrobras. The region is the backbone of the Brazilian state-owned company’s growth plans. ExxonMobil also plans to drill in two other offshore basins in Brazil.
Despite Petrobras’ success in the pre-salt, there have been disappointments for peers who, like ExxonMobil, purchased expensive drilling rights in Brazil before oil prices plummeted. Royal Dutch Shell drilled a dry well last year.
Also Check: ExxonMobil Begins Drilling A New Well In The Campos Basin
ExxonMobil, a multinational oil and gas company from the United States, has begun drilling a new well in the Campos Basin. This is the Opal-1A well, located in block C-M-789. Previously, the American oil company had abandoned the drilling program for the first well in the block due to operational issues.
Even with the abandonment of the earlier well drilling, ExxonMobil’s exploration goals have not changed and will not affect the company’s contractual obligations with the National Petroleum Agency (ANP). The drillship West Saturn from Seadrill is conducting exploration activities in the area. ExxonMobil acquired Block C-M-789 in the 15th bidding round held in September 2018.
In early January, Ibama (Brazilian Institute of Environment) granted the Operating License for ExxonMobil to drill up to six exploratory wells in blocks C-M-753, C-M-789, S-M-536, S-M-647, and the sharing area Titã, located in the pre-salt of the Campos and Santos basins.
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