ExxonMobil has expanded its presence in Carcara area

ExxonMobil declared that it has completed the purchase of half of Equinor’s interest in the BM-S-8 block offshore Brazil, which contains part of the 2-billion-barrel, pre-salt Carcara oil field.
Production from the field is expected to start in 2023 or 2024. ExxonMobil and its co-venturers are advancing development activities, including concept selection and finalizing all remaining commercial agreements. Exploration drilling began on the Guanxuma prospect in BM-S-8 on April 25.
ExxonMobil now holds a 36.5 percent interest in the BM-S-8 block and Equinor holds 36.5 percent. Petrogal Brasil and Barra Energia each hold 17 percent
and 10 percent, respectively.
ExxonMobil has interests in 24 blocks offshore Brazil, totaling more than 8,500 km². The company has had business activities in Brazil for more than 100 years and has about 1,300 employees in the country across its chemical, upstream and business service center operations.