Royal Dutch Shell Plc  .com Rotating Header Image

Exxon finds oil near massive Brazilian fields

International Herald Tribune

The Associated Press

Published January 22, 2009

SAO PAULO, Brazil: Exxon has told Brazilian officials it discovered oil in deep water off Rio de Janeiro, near massive fields that could hold as much as 80 billion barrels of oil.

State media said Wednesday that Exxon Mobil Corp. did not estimate the size of the find in a filing with Brazil’s National Petroleum Agency.

Agencia Brasil reported that the company said it is drilling one well and plans another. A Brazilian division of Exxon told the news agency other details are confidential.

Exxon has a 40 percent stake in the block under exploration. Agencia Brasil said U.S.-based Hess Corp. has a 40 percent stake, and Brazil’s Petroleo Brasileiro SA holds 20 percent.

SOURCE ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.