Equinor, Repsol and Petrobras, partners in the BM-C-33 project offshore Brazil, have taken a $9 billion final investment decision for the project which is slated to start up in 2028.
Developments in deepwater oil and gas play a critical role in the quest to transition to cleaner energy.
Exxon Mobil Brazil general manager Alberto Ferrin, responding to a media report, said the company wasn’t abandoning exploration in Brazil during a discussion on the country’s energy sector at the Offshore Technology Conference.
Brazil’s oil regulator ANP wants the country to increase oil production from 3.3 MMbbl/d to 5 MMbbl/d by 2030, the agency General Director Rodolfo Henrique de Saboia said at OTC.