Shell dominates latest oil auction in Brazil

Shell dominates latest oil auction in Brazil

Economy & Policy Equity Brazil Energy Oil

British-Dutch oil company Shell won five oil field concessions in the Santos Basin at an auction on Thursday, including one in partnership with Colombia's Ecopetrol, as Brazil's state-owned company Petrobras and other potential bidders did not present offers. "These new blocks are adding to our extensive portfolio in Brazil, where we have acted as operators since the early 1990s," André Araújo, CEO of Shell in Brazil, said in a statement. Shell now has 28 oil blocks in Brazil, which account for

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