Exxon Brazil To Focus On Drilling, Production

Exxon Mobil Corp. will focus on drilling and production in Brazil now that it has made extensive acquisitions of oil blocks in the country, the company’s CEO in Brazil, Carla Lacerda, said on Sept. 27.

Exxon also sees new opportunities in Brazil’s biofuels, bioenergy and gas sectors, Lacerda said during a panel discussion at the Rio Oil & Gas convention in Rio de Janeiro.

“We are principally in the exploration phase so my big task now is to drill some wells so that we can start up production some day,” Lacerda said.