Devon Plans Offshore Drilling
According to reports, Devon Energy Corporation and its partners are planning to invest at least $775m in exploration off the coast of Brazil.
The company says Brazil appears to be a good place for business and the company will explore for oil and gas in eight areas it's bought in past Brazilian government auctions.
A company representative says it hasn't yet been determined how much of the $775 m Devon will provide.
(Source: AP)
Devon Plans Offshore Drilling