Tag Archives: Brazil

Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

OPEC meets at the end of this month and has been widely expected to extend the deal.

For Petrobras. the achievement of partnerships is an important strategy of the 2017-2021 Business and Management Plan.

The block was offered as part of Brazil'.s 3rd production sharing bidding round.

Latin America'.s active drilling rig count stood at 190 in May. further proof of the upward trend in E&.P investment.

Exxon will now join these fellow supermajors in the Brazilian shelf. partnering with Petrobras on six of the ten licenses it won.

Japanese companies are going to require major investments in international oil and gas projects.

On average. the oil company produced 325.000 barrels of oil equivalent per day (boepd) in the first quarter.

Petrobras is the world’s most indebted oil producer and has been forced to sell assets and slash spending.

The subject of the study is an area that could contain up to 14 billion barrels worth of oil reserves.