In the 16th Block Bidding Round under the concession regime, held today by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), in Rio de Janeiro, Shell Brasil acquired two exploration blocks in the Campos Basin. , in consortium with the companies Chevron (35%) and QPI Brasil (25%). Shell Brasil will be the operator of the blocks and will pay R $ 506 million in signature bonus, corresponding to its participation in the assets.

“Today's auction has given us the opportunity to demonstrate once again our commitment to Brazil, which originates around 10% of our global oil and gas production. Our new areas are added to an already robust portfolio in the country, where we have been operators since 2000, ”said Shell Brazil President André Araujo. "Brazil is of great importance to Shell."

“The result of today's auction represents a good opportunity to expand our competitiveness and our cash flow and return over the coming decades. I would like to thank our partners Qatar Petroleum and Chevron for this result, ”said Wael Sawan, Shell Group's Upstream Director.

With the areas auctioned off today, Shell Brasil expanded its total area of ​​operation to approximately 9.9 million square kilometers in 21 exploratory blocks, 4 fields under development and 11 fields under production. The company - which has been operating for 106 years in Brazil - was the first oil multinational to produce in 2003 on a commercial scale in the country after the end of the state monopoly.

For the Shell Group, exploration and development activities have shown promise in Brazil, the United States, Mexico, Nigeria, Malaysia, Mauritania and the western Black Sea.

Shell expands Brazil portfolio in ANP's Round 16

In today's 16 th deep-water bid round deal hosted by the Brazilian National Petroleum Agency (ANP), in Rio de Janeiro, Shell Brazil Petroleum Ltda (Shell), a subsidiary of Royal Dutch Shell plc, won two exploration blocks in the Campos basin with consortium partners Chevron (35%) and QPI Brasil (25%). Shell will be the operator for these blocks and will pay their share of the total signing bonus, equating to approximately R $ 506 million (USD $ 124 million).

“ Today's bid round further demonstrates our continued investment in Brazil, which is home to approximately 10% of Shell's global oil & gas production. The newly acquired acreage adds to our robust portfolio in Brazil, where we have been working as an operator since the early 2000s, ”said André Araujo, Shell Brazil Country Chair.

“Brazil has become a heartland for Shell. The result of today's bid round presents an exciting opportunity to extend our competitive funnel development, which is designed to deliver strong cash flow and returns for decades to come, ”said Wael Sawan, Shell's Upstream Director. “I would like to thank our partners, Qatar Petroleum and Chevron, for this result,” he added.

With the addition of these new blocks, Shell has 2.6 million net acres with 21 exploration blocks, 4 development fields and 11 production fields in Brazil.  

With a 106-year history in Brazil, Shell was the first IOC to produce oil in a commercial scale after the monopoly state eased in the late 1990s. Shell's global deep-water business has a strong funnel of development and exploration opportunities in Brazil, the US, Mexico, Nigeria, Malaysia, Mauritania, and the Western Black Sea.

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