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Consortia with Shell, Total win pre-salt block in Brazil
October 27, 2017 / 2:33 PM / a month ago

Consortia with Shell, Total win pre-salt block in Brazil

RIO DE JANEIRO (Reuters) - A consortia led by Royal Dutch Shell Plc (RDSa.L) and including French major Total SA (TOTF.PA) won the right to explore Brazil’s pre-salt oil block, named Sul de Gato do Mato, during an auction on Friday.

FILE PHOTO: Staff members work at the booth of Royal Dutch Shell at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai

The companies pledged 11.53 percent of the oil after costs to the government, oil regulator ANP said.

Reporting by Alexandra Alper and Simon Webb; editing by Susan Thomas

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