Equinor and Exxon plan more drilling at Brazil oil operation

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Equinor and Exxon plan more drilling at Brazil oil operation
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The two want to increase future production from the Bacalhau oilfield, Equinor’s largest project outside Norway

A flag with the Equinor logo is shown in Stavanger, Norway. File phto: REUTERS/INTS KALNINSbn oil development off Brazil’s coast, the Norwegian oil producer said

For Exxon, Bacalhau could provide its first barrel of oil from offshore Brazil, one of its top growth prospects, and a new supply of oil from lower carbon operations. First oil is due in 2024 from the venture’s 220,000 barrel per day production vessel. The second phase could potentially double the project investment if the new exploration works are successful, two people close to discussions said.

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