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2018-03-30 11:05:00

EXXON PARTNERSHIP IN BRAZIL

EXXON PARTNERSHIP IN BRAZIL

REUTERSExxon Mobil Corp roared into Brazil's prolific offshore oil fields again on Thursday, clinching eight blocks in partnership with other oil firms eager to lap up the country's choice reserves ahead of presidential elections later this year.

Exxon along with Petrobras and Qatar Petroleum Intl shelled out 2.8 billion reais ($844 million) for a block in Brazil's offshore Campos basin as the American oil major seeks to aggressively replace dwindling reserves.

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Tags: EXXON, PETROBRAS, QATAR, BRAZIL

Chronicle:

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