Exxon stops drilling in Brazil after finding no oil: report ...Middle East

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Exxon stops drilling in Brazil after finding no oil: report
source : The Hill ( Middle East ) () 39
ExxonMobil has reportedly stopped its drilling in Brazil after its campaign to find oil in the country failed, according to The Wall Street Journal. The Journal, citing people familiar with the matter, reported that Exxon has quit its offshore drilling in the South American country and relocated engineers and geologists from their Rio de Janeiro offices to other locations in Guyana, Angola and Canada. The sources told The Journal, however, that the company has not ruled out future endeavors in Brazil. An Exxon spokesperson also said that the company remains involved in Brazil and that the the initial drilling program is "now complete," according to the report. "Our initial explor

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