"We are pleased with the results of the bidding round, which builds on our existing portfolio, giving us an additional platform for growth. It reiterates our long-term commitment to Brazil and strengthens our relationship with Petrobras," said John Haney, Shell EP Vice-President. "We understand that there will be many challenges ahead, but we are committed to work with the local stakeholders to expand the business in Brazil".
Mr. Haney also complimented the National Petroleum Agency for running a transparent and successful process once again, emphasizing the importance of the decision made by the Brazilian Government to maintain the one-year cycle for the promotion of bid rounds.
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