ExxonMobil will start Titan exploration at 2020

The National Agency for Petroleum, Natural Gas and Biofuels (ANP) approved the ExxonMobil's minimum exploratory program for the Titan block, located in the pre-salt of the Santos basin. The endorsement of the ANP grants the right to American drilling of an exploratory well in 2020.

The block was killed in the 5th round of pre-salt sharing, held in 2018, in a consortium formed by ExxonMobil (64%) and Qatar Petroleum (36%), which paid R $3.125 billion for the acquisition.

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