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Exxon wins 8 blocks offshore Brazil in latest bid round

Exxon Mobil Corp. has acquired eight additional exploration blocks in the deepwater offshore Brazil, totaling about 640,000 net acres.

The additional blocks, won during Brazil's 15th bid round, expand the company's total position in Brazil to more than 2 million net acres, more than almost all of its supermajor peers.

Of the eight blocks, two in the Santos area will be operated by Exxon with partner Qatar Petroleum.

Four other blocks are \in the Campos area. Exxon will operate two of them with partners Petroleo Brasileiro SA and Qatar Petroleum, and the other two will be operated by Petrobras with partners ExxonMobil and Statoil ASA.

The two remaining blocks in the Sergipe-Alagoas area will be operated by Exxon with partners Queiroz Galvão Exploração e Produção SA and Murphy Oil Corp. Exxon already holds two adjacent blocks.

Exxon is planning 3-D seismic coverage in 2018 on more than 4,000 square kilometers, including all of the ExxonMobil-operated exploration blocks announced in 2017.

The company now has interests in 24 blocks offshore Brazil.