Petrobras and Shell sign collaboration agreement

Oil companies Petrobras and Shell signed a memorandum of understanding aimed at establishing mutual long-term collaboration with a focus on operating assets in which both companies operate in partnership.

Petrobras and Shell are partners in 10 exploration and production consortia, each operator in 5 blocks. As already reported, the Offshore Panorama presence strong in Shell Brazil already has been intensifying even more. In the first quarter of this year, the exploration and production of oil and gas to 3.752 billion bpd, with the help of increased production in new wells in the country.

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