According to The Wall Street Journal (WSJ), citing unnamed knowledgeable sources, the US oil and gas corporation ExxonMobil is forced to curtail its major project to develop deep-water fields off the coast of Brazil. This was due to the company’s failure to find commercially viable oil deposits.
It is reported that during the large-scale project, which began in 2017, about $ 4 billion was spent on several rounds of geological exploration. However, at the end of last year, the company transferred employees of this project to other countries: Canada, Angola and Guyana. However, the company does not rule out that in the near future it may start new projects in Brazil, which ranks 16th in the world in terms of oil reserves.
Related posts:
Opening of the 6th Spectrum Management Conference
Rising Gang Violence in Sweden: Exploring the Troubling Trend of Explosions and Shootings
Nora Drakou on Peloponnisos FM: "I did three years to lose 30 cm"
- 2024-07-01 16:59:06
"They want to shut me up and they haven't succeeded": they shoot at the vehicle in which a Colombian...
Deadly bombing of a shopping mall in Ukraine
Many businesses have stopped exporting sunflower seeds to Russia | Business
The pre-election fever is on, which candidates are coming to Patras
- 2024-05-13 19:32:43
4,000 cars from the VW Group – Freighter burns ablaze in the Atlantic – with him over 1,000 Porsches