Exxon Ramps Up Brazil Offshore Development

摘要

One might think that Exxon Mobil’s immense upstream success from one South American jurisdiction — Guyana’s offshore — might be enough to satisfy its appetite for growth in the region. But the US supermajor is also aggressively pursuing E&P plans in the waters off the coast of Brazil as a source of low-cost and low-carbon barrels, with more detail coming into focus at the company’s recent analyst day (OD Mar.3’21).