Brazilian
energy firm Petrobras and ExxonMobil inked a memorandum of understanding in Rio
de Janeiro on Thursday for a strategic alliance to jointly identify and
evaluate potential business opportunities.
Both
companies will evaluate areas of mutual interest to consolidate their
experience across all sectors of the oil and gas production value chain,
including opportunities for cooperation in exploration, production, gas and
chemicals both inside and outside Brazil.
"For
Petrobras, the formation of alliances is an important strategy in the Business
and Management Plan 2017-2021, bringing significant potential benefits, such as
risk sharing, augmented investment capacity in the oil and gas chain,
technology sharing and strengthening of corporate governance," the statement
read.
This
agreement both exemplifies and reinforces ExxonMobil's strategic relationship
with Petrobras and its continuing emphasis on growing this relationship and
business in Brazil, building on its more than 100-year presence in the country.
In
September, Petrobras and ExxonMobil jointly acquired six offshore blocks in the
Campos Basin in the 14th tender round offered by Brazil's National Agency of
Petroleum.
Petrobras
is an integrated energy company with a focus on oil and gas operations mainly
in Brazil. The company currently produces about 2.8 million barrels of oil
equivalent a day.
(Anadolu
Agency
)