For Royal Dutch Shell, 2017 was a good year in terms of E&P activities in Brazil. Ranking as the second largest oil - producing company in Brazil, after acquiring BG Group's assets in the country, the British - Dutch major increased its oil output by 12% to 330, 000 barrels of oil equivalent per day compared to 2016.
Also, Shell Brazil made important moves to take advantage of opportunities in the country's upstream segment. Shell Brazil acquired in 2017 three promising presalt fields in the Santos Basin - South Gato do Mato, Sapinhoá and West Alto Cabo Frio. Shell plans to begin drilling in the South Gato do Mato Field, where the company will work as operator, in 2019.
Currently, the Netherlands - headquartered company has stake in 13 offshore blocks and four onshore blocks. But the company intends to expand its operations in Brazil over the next few years. In an exclusive interview with Hart Energy, Shell Brazil CEO André Araújo shared his thoughts, which have been edited for clarity, about the company's plans and expectations for its future in Brazil's oil and gas segment.
Source: E&P
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