Exxon Ends Major Drilling Campaign In Brazil After Failing To Find Oil ...Middle East

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Exxon Ends Major Drilling Campaign In Brazil After Failing To Find Oil
source : OILPRICE ( Middle East ) () 52
After years of failing to make a major oil discovery offshore Brazil, ExxonMobil has ended a major drilling campaign there, but hasn't ruled out further exploration in the country, The Wall Street Journal reported on Wednesday, citing sources with knowledge of the plans. Exxon, the first oil and gas company to set up operations in Brazil in 1912 under the name of Standard Oil Company of Brazil, bought deepwater acreage back in 2017, hoping to find oil in the prolific offshore basins where other majors and Brazilian state oil firm Petrobras have…

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