Royal Dutch Shell Plc  .com Rotating Header Image

AP Worldstream: Shell says Brazilian oil field commercially viable

Published: Dec 28, 2006

Royal Dutch Shell PLC announced Thursday that one of its Brazilian offshore oil fields is commercially viable and that two deep-water areas of the block have been identified for development.

Europe’s second-largest oil company did not say when production would begin in the BS-4 block or offer yield estimates, but the field has estimated reserves of about 300 million barrels of very heavy crude.

Shell is the lead operator of the block with a 40 percent stake. Brazil’s state-owned Petroleo Brasileiro SA also has a 40 percent stake, and U.S.-based Chevron Corp. holds 20 percent.

The BS-4 field is in the Santos Basin of the Atlantic Ocean about 190 kilometers (120 miles) from Rio de Janeiro, at a depth of 1,550 meters (5,100 feet).

Shell had until the end of this year to declare whether BS-4 was viable or return the block to Brazil’s National Petroleum Agency.

Copyright 2006 Associated Press

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.