4th Dec 2025 21:28
Shell PLC - London based oil and gas exploration company - Shell Brasil secures additional equity in Brazil's pre-salt oil projects following an auction led by Pre-Sal Petroleo. Together with Petrobras, Shell Brasil deepened its stake in Atapu and Mero units, acquiring just under 27% of Atapu Open acreage and 20% of Mero Open acreage. With this acquisition, Shell Brasil increases its participating interest in the units from 16.6% to 16.9% in Atapu and from 19.3% to 20% in Mero. Both projects are located in the offshore Santos Basin.
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12-month change: up 11%
By Jeremy Cutler, Alliance News reporter
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