On 14 December 2017, Petrobras issued a press release indicating that CEO Pedro Parente signed a Memorandum of Understanding (MOU) for a wide ranging Strategic Alliance with ExxonMobil in Rio de Janeiro.Â  The MOU will allow the companies to evaluate various potential projects in Brazil and internationally that will include the entire oil and gas value. Â Both companies have already partnered, ahead of this agreement, in the ANP Round 14 whereby they acquired six blocks.  This represents the 4th Strategic Alliance agreement, the others are with CNPC, Statoil, and Total.Â  Additionally a letter of intent was signed with BP on 31 October 2017 for a similar Strategic Alliance agreement which would represent the 5th major Strategic Alliance agreement. Â  Petrobras indicated that the Strategic Alliance agreements are an important part of its 2017-2021 business plan to share risks, to increase its capacity for investments in the oil and gas value chain, transfer and interchange of technology, and strengthening its corporate governance. Â 
Brazil, not found