Exploration & Production

Exxon planning to plunge into Brazilian deep water

ExxonMobil is seeking to gain access to Brazil’s lucrative deepwater oil and gas resources.
By Staff reporter 5 April 2017 0 25376

ExxonMobil is seeking to gain access to Brazil’s lucrative deepwater oil and gas resources, The Wall Street Journal reported on Tuesday.

The supermajor is in talks with state-run Petrobras about a potential joint venture and is also interested in buying stakes in offshore acreage that will be sold later this year, the newspaper said.