Exxon eyes Brazil’s transfer-of-rights offshore oil area: executive

Exxon Mobil Corp is studying a possible purchase of production rights in Brazil’s so-called transfer-of-rights area – one of the world’s most promising offshore oil areas – although no decision has yet been made on the matter, an executive said on Friday.

Speaking at an event in Sao Paulo, Exxon’s Brazil chief Carla Lacerda said the oil major was discussing the matter internally.

“It’s a unique opportunity for the sector,” Lacerda said.

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