Shell Brasil Acquires 5Blocks Offshore Brazil

Monday, October 24, 2005
The exploration acreage was acquired through the company's successful participation in Brazil's seventh bid round. The blocks are located in shallow water areas of the Espírito Santo Basin. Shell will operate block ESM 438, with a 100% share, and partner with Brazil's national oil company Petrobras who will operate blocks ESM 411, 436 and 437. Shell was also successful in acquiring alone one deepwater area in Santos, block SM 518.

"We are pleased with the results of the bidding round, which builds on our existing portfolio, giving us an additional platform for growth. It reiterates our long-term commitment to Brazil and strengthens our relationship with Petrobras," said John Haney, Shell EP Vice-President. "We understand that there will be many challenges ahead, but we are committed to work with the local stakeholders to expand the business in Brazil".

Haney also complimented the National Petroleum Agency for running a transparent and successful process once again, emphasizing the importance of the decision made by the Brazilian Government to maintain the one-year cycle for the promotion of bid rounds.

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Edelweiss Now Controls Bharati Shipyard

Edelweiss Asset Reconstruction Company has taken over management control of Bharati Shipyard, says a report in ET.   Edelweiss now controls 70% of the Indian yard’s debts.

Offshore Operators Can Simplify Safety Equipment Logistics

Safety equipment manufacturer VIKING Life-Saving Equipment said its Offshore Safety Agreements are providing relief for offshore operators seeking to ensure compliance

Keppel Delivers Jackup to UMW-OG

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered UMW Naga 8, a KFELS B Class jackup rig, to Malaysia’s UMW Oil & Gas Corporation Berhad (UMW-OG).

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Port Authority Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1408 sec (7 req/sec)