Shell, Chevron Clinch Saturno Block in Brazil Oil Tender

A consortium made up of Royal Dutch Shell and Chevron Corp won the Saturno block in the Santos basin in Brazil's pre-salt offshore oil auction on Friday, outbidding a rival group led by Exxon Mobil Corp.

Shell's consortium won by pledging 70.2 percent of profit oil to Brazil's government, in the last oil auction ahead of a hotly contested presidential election next month. 

Reporting by Marta Nogueira and Alexandra Alper

Current News

Shell Boosts Production from Norway’s Ormen Lange Offshore Field

Shell Boosts Production from N

Offshore Solar Farm Set for Integration with Dutch Offshore Wind Project

Offshore Solar Farm Set for In

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Centrica and Thailand’s PTT In

ADNOC-Led Consortium Closing in on Santos Takeover

ADNOC-Led Consortium Closing i

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine