By Peter Millard
March 11 (Bloomberg) — Royal Dutch Shell Plc. confirmed that it sold part of its stake in an offshore Brazilian oil block to Japans Inpex Corp.
Shell said in an e-mailed statement today that it sold 15 percent of the BM-ES-23 block. Petroleo Brasileiro SA, Brazils state-controlled oil producer, operates the block with a 65 percent stake.
Financial terms of the deal werent disclosed.
To contact the reporter on this story: Peter Millard in Mexico City at [email protected]
To contact the editor responsible for this story: Jessica Brice at [email protected]