Exxon Mobil Corp. could take a pass on what it considers the world’s top deep-water oil discovery when Brazil puts the giant Buzios field up for auction next week.
The Irving, Texas-based oil titan already has a large portfolio of offshore Brazil blocks it built up in recent years when access to one of the world’s hottest exploration regions was more affordable, Stephen Greenlee, Exxon’s president of exploration, said in an interview in Rio de Janeiro. The company needs to weigh Buzios against opportunities such as U.S. shale, other deep-water regions and liquefied natural gas projects, he said.
Brazil Energy Insight 
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