Royal Dutch Shell plc (Shell) and its partners won a three, 35-year production sharing contracts for pre-salt blocks located in the Santos Basin, offshore Brazil. Shell will pay its share of the total signing bonuses, equating for all bids, of approximately $100-million. Plans for the blocks will then be considered by Shell and its partners.
The winning bids include a block adjacent to Shell's Gato do Mato field (Shell 80 percent operating, Total 20 percent), a now unitized area to the Sapinhoa field (Petrobras 45 percent operating, Shell 30 percent, Repsol 25 percent), and the new Alto de Cabo Frio – West block (Shell 55 percent operating, Qatar Petroleum 25 percent, CNOOC Limited 20 percent).
Prior to these bidding results, Shell had previously stated plans for $10-billion investment into the early 2020s for its existing offshore developments in Brazil to support deep water as its upstream growth priority. Shell first began working under a production sharing contract in Brazil in 2013 when it entered the Libra consortium, led by Petrobras.
Royal Dutch Shell plc (Shell) and its partners won a three, 35-year production sharing contracts for pre-salt blocks located in the Santos Basin, offshore Brazil. Shell will pay its share of the total signing bonuses, equating for all bids, of approximately $100-million. Plans for the blocks will then be considered by Shell and its partners.
The winning bids include a block adjacent to Shell's Gato do Mato field (Shell 80 percent operating, Total 20 percent), a now unitized area to the Sapinhoa field (Petrobras 45 percent operating, Shell 30 percent, Repsol 25 percent), and the new Alto de Cabo Frio – West block (Shell 55 percent operating, Qatar Petroleum 25 percent, CNOOC Limited 20 percent).
Prior to these bidding results, Shell had previously stated plans for $10-billion investment into the early 2020s for its existing offshore developments in Brazil to support deep water as its upstream growth priority. Shell first began working under a production sharing contract in Brazil in 2013 when it entered the Libra consortium, led by Petrobras.
No comments:
Post a Comment