{"id":1441,"date":"2017-10-28T20:47:57","date_gmt":"2017-10-28T20:47:57","guid":{"rendered":"https:\/\/madaresharghi.com\/shell-big-winner-of-historic-brazil-oil-blocks-auction\/"},"modified":"2017-10-28T20:47:57","modified_gmt":"2017-10-28T20:47:57","slug":"shell-big-winner-of-historic-brazil-oil-blocks-auction","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/shell-big-winner-of-historic-brazil-oil-blocks-auction\/","title":{"rendered":"Shell Big Winner of Historic Brazil Oil Blocks Auction"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tOil major Royal Dutch Shell Plc won half the blocks awarded in Brazil\u2019s deepwater oil auction on Friday, while rival BP took two blocks and Exxon Mobil Corp one in a historic opening of the pre-salt play to foreign operators.<br \/> \tBrazil awarded six of the eight blocks on offer in the auction for the rights to pump oil from the country\u2019s coveted pre-salt region, where billions of barrels of oil are trapped below thousands of feet of salt in the country\u2019s Atlantic waters, Reuters reported.<br \/> \tPresident Michel Temer said development of the blocks would lead to 100 billion reais ($30.84 billion) in investment from the winning companies and 130 billion reais in royalties and other revenues for the cash-strapped state.<br \/> \tThe wins bolster Shell\u2019s position as the largest foreign operator in Brazil\u2019s offshore oil sector, second only to state-run oil giant Petrobras, adding more than 1,700 square kilometers to its deepwater Brazil portfolio. The Anglo-Dutch oil major won one area in a consortium with France\u2019s Total SA, another with Petrobras and Repsol-Sinopec, and a third with Qatar Petroleum International and China\u2019s CNOOC. Shell has said it is confident it can pump oil from the pre-salt fields at below $40 a barrel. \u201cThese winning bids were submitted after our thorough evaluation and add strategic acreage to our &#8230; global deepwater growth options,\u201d Shell Upstream Director Andy Brown said.<br \/> \tRival BP Plc, which is active in Brazil but not yet producing oil, took two blocks on Friday. US major Exxon Mobil, whose 10-block win in last month\u2019s Brazilian auction was seen by many as a prelude to a big play on Friday, took just one block as part of a consortium with Norway\u2019s Statoil ASA and Petroleos de Portugal SA, a unit of Galp Energia SGPS SA. Two blocks got no bids.<br \/> \tBut Exxon bought a stake in a nearby block from Statoil for $1.3 billion, Statoil said, soon after the round.<br \/> \tBrazil has high hopes for the volume of oil the companies can pump from the blocks. Brazilian oil output could double to more than 5 million barrels per day by 2027, compared with the 2.6 million bpd produced in August, regulator ANP has said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Oil major Royal Dutch Shell Plc won half the blocks awarded in Brazil\u2019s deepwater oil auction on Friday, while rival BP took two blocks and Exxon Mobil Corp one in a historic opening of the pre-salt play to foreign operators. Brazil awarded six of the eight blocks on offer in the auction for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shell Big Winner of Historic Brazil Oil Blocks Auction - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/shell-big-winner-of-historic-brazil-oil-blocks-auction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shell Big Winner of Historic Brazil Oil Blocks Auction - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Oil major Royal Dutch Shell Plc won half the blocks awarded in Brazil\u2019s deepwater oil auction on Friday, while rival BP took two blocks and Exxon Mobil Corp one in a historic opening of the pre-salt play to foreign operators. 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