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TotalEnergies, Shell place big bets on Brazil’s offshore oil

Summary by Ground News
TotalEnergies won stakes in both of the deepwater fields on offer Friday. Shell was awarded a piece of the Atapu field. Both bids surpassed minimum requirements and market expectations. Sweeter terms and higher oil prices enhanced the appeal of Brazil’s offshore oil trove.
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World OilWorld Oil

TotalEnergies, Shell place big bets on Brazil’s offshore oil

European supermajors TotalEnergies SE and Royal Dutch Shell Plc will join Brazil’s state-controlled oil giant at two key fields, marking the latest expansion in Latin America’s largest crude producer and an important victory for President Jair Bolsonaro.

·Houston, United States
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World Oil broke the news in Houston, United States on Monday, December 20, 2021.
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