RIO DE JANEIRO, Sept. 11, 2017 /PRNewswire/ -- Royal Dutch
Shell and Petrobras signed last week in The Hague, Netherlands, a Memorandum of
Understanding (MoU) to establish a long-term mutual collaboration
in developing pre-salt fields in Brazil.
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 will share with Petrobras its global
deep water experience, especially on cost efficiency efforts and
use of technology.
The MoU also involves sharing best practices and learnings on
safety and governance management, technical and operational
solutions, contract management, logistics, wells construction and
air transportation safety.
The document was signed by Shell CEO Ben
Van Beurden and Petrobras CEO Pedro
Parente, during a visit by Petrobras' executives to the
Shell headquarters.
"Competitive growth of deep-water resources remains key to our
company's strategy for decades to come, and we're very pleased to
advance the technical and operational benefits of our
joint-ventures with Petrobras in Brazil," said Wael Sawan, Executive
Vice-President, Deep Water for Shell. "We've seen cost, safety,
innovative thinking, and production growth evolve in a very
positive way. Preferred partnerships and shared expertise are
core to that success."
The agreement is valid for five years and can be renewed. Shell
is a strategic partner of Petrobras in the pre-salt, with minority
interests in the Libra and Lula fields and other important areas
such as SapinhoĆ”, Lapa, and Iara, all of which are in Santos
Basin.
View original content with
multimedia:http://www.prnewswire.com/news-releases/shell-and-petrobras-sign-technical-cooperation-agreement-to-strengthen-deep-water-partnership-300517215.html
SOURCE Shell Oil Company