Royal Dutch Shell has recently announced, through an official statement, that it will increase its stake in the oil and gas industry in Brazil. The acquisitions of new blocks added to their portfolio will bring their total to 68 oil and gas contracts in the country. This significant expansion reflects the company's growing investment in one of the world's largest energy markets.
1. Royal Dutch Shell is set to increase its stake in Brazil's oil and gas industry, taking their total to 68 oil and gas contracts in the country.
2. The company's rapid expansion in Brazil is due to successful bidding in recent rounds for exploration licenses.
3. This move has significantly increased Shell's presence in Brazil, making it one of the largest foreign oil companies in the country.
4. The 68 contracts form a diverse portfolio for Shell, allowing for in-depth exploration and production in both pre-salt and post-salt fields.
5. Shell's investments signify its commitment to contribute to the growth of Brazil's oil and gas sector.
With the recent acquisitions of new blocks, Royal Dutch Shell will hold a total of 68 oil and gas contracts in Brazil.
The company's rapid expansion in Brazil is attributed to its successful bidding in the nation's recent bidding rounds for exploration licenses. The new acquisitions significantly bolstered its presence, positioning Shell as one of the largest foreign oil companies in Brazil. These 68 contracts create a diverse portfolio for the oil giant, presenting opportunities for extensive exploration and production in both pre-salt and post-salt fields. This demonstrates Shell's commitment to contributing to the growth of Brazil's oil and gas sector.