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Royal Dutch Shell sees Brazilian counterpart as natural partner

By Daniel J. Graeber: Sept. 12, 2017

Sept. 12 (UPI) — Royal Dutch Shell said it formed a “true partnership of spirit” with a Brazilian company working in tough conditions in the country’s deep waters. Shell said it signed a memorandum of understanding with Petroleo Brasileiro, the Brazilian company known also as Petrobras, meant to strengthen cooperation in deep waters. “In true partnership spirit between two of the world’s largest energy companies, Shell will benefit from technical solutions, contract management expertise and cost efficient initiatives Petrobras applies to Brazil’s pre and post-salt projects,” Shell’s statement read. “Shell will share with Petrobras its global deep water experience, especially on cost efficiency efforts and use of technology.” Shell already has a partnership with Petrbras to work in a group of fields in the broader Santos Basin off the Brazilian coast. FULL ARTICLE

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