Shell Eyes Brazil Exploration Areas

November 8, 2019

The head of Royal Dutch Shell Plc in Brazil said on Friday that it currently made more sense for the company to look for exploration areas.

Speaking after Brazil's disappointing oil auctions this week, which Shell chose to sit out, Andre Araujo said the Buzios block, where state-run oil company Petroleo Brasileiro SA won rights to extract proven reserves, is an area that any company would want. 


(Reporting by Roberto Samora Editing by Chizu Nomiyama)



Current News

AWEA Urges DoI to Advance OWP

AWEA Urges DoI to Advance OWP

Deepwater Investments to Grow Above 5% in 2020

Deepwater Investments to Grow Above 5% in 2020

U.S. Drillers Add Rigs for first Week in Eight

U.S. Drillers Add Rigs for first Week in Eight

S&P Cuts Tullow Oil's Credit Rating

S&P Cuts Tullow Oil's Credit Rating

Japanese Partners Buy into Sepetiba FPSO

Japanese Partners Buy into Sepetiba FPSO

DNO Makes Small Find Offshore Norway

DNO Makes Small Find Offshore Norway

Johan Castberg Oil to Export Direct to Market

Johan Castberg Oil to Export Direct to Market

Magazine

Offshore Engineer (Nov/Dec 2019)

This issue of Offshore Engineer is dedicated to Exploration Outlook

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week