Brazil becomes the great opportunity for Exxon Mobil Corp.

Yolanda Reyes.

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By: Ariana Méndez Lugo – Inspenet TV – November 4, 2021

The American company estimates that Brazil will achieve a reduction in carbon emissions between 10 and 15% by 2025 and reach a maximum limit of zero emissions by 2050, amid the pressure generated by the issue of climate change.

Investments offshore that ExxonMobil Corporation develops in Brazil, could be the key to meeting the goal of reducing carbon emissions from oil and gas production, in an attempt by the company to mitigate pressure from large investors due to the climate change.

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According to the current representative in Brazil of the American oil company, the Venezuelan Juan Lessmann, by 2050 the reduction of carbon emissions to net zero is projected, although by 2025 the goal is to reduce between 10 and 15%, a statement made in the most recent meeting. scheduled by the Brazil-Texas Chamber of Commerce. At the same meeting, the general director of the National Agency for Petroleum, Natural Gas and Biofuels in Brazil, Rodolfo Henrique de Saboia, estimated that by 2030 the four blocks in his cession area would achieve a total production of 1.6 million barrels of oil per day. and gas.

For the past four years, Exxon Mobil Corporation has been the second largest owner of marine surface in the South American giant, after the state-owned company Petróleo Brasileiro SA, which is why the aforementioned country represents a great opportunity for the American company, given that the quality and technology of production from offshore fields, generate fewer emissions.

The project that Brazil estimates to execute for this 2021, consists of two oil rounds. The first of these will be in October under the figure of concession and a second round for the month of December in the form of transfer of rights.

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