Brazil's Petro Rio Says Shell Backs Out of Campos Basin Deal

Reuters

SAO PAULO, Feb 16 (Reuters) – Brazilian oil and gas company Petro Rio SA said on Tuesday that Royal Dutch Shell had cancelled an agreement to sell offshore assets in the Campos Basin for an undisclosed sum.

Europe's largest oil company, which gained approval last month to take over BG Group, had agreed in January 2015 to sell its 80 percent stake in the Bijupirá and Salema fields, along with a drill ship, to Petro Rio, known then as HRT.

(Reporting by Gustavo Bonato and Brad Haynes; Editing by David Goodman)

 

Copyright 2016 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Regional Manager - Saybolt
Expertise: Executive|Operations Management|Surveying
Location: Linden, NJ
 
Manager of Financial Planning and Analysis
Expertise: Executive|Financial Analyst|Financial Audit
Location: Florida, United States
 
Project Manager - Gas Distribution
Expertise: Project Management
Location: California, United States, CA
 
search for more jobs

Brent Crude Oil : $46.2/BBL 2.05%
Light Crude Oil : $44.75/BBL 0.42%
Natural Gas : $2.69/MMBtu 1.50%
Updated in last 24 hours