Shell Joins Petrobras and Galp to Boost Sao Tome Exploration

Key Takeaways SHEL finalized farm-outs in Block 4, keeping a 30% working interest, with PBR and GLPEY holding 27.5% each. Petrobras expands its Sao Tome portfolio, now holding interests in four offshore blocks, including Block 4.Galp deepens its presence with stakes in multiple blocks, building on its Jaca-1 drilling milestone in 2022.Shell plc (SHEL) has completed farm-out agreements in the promising Exploration Block 4 offshore São Tomé and Príncipe, located in the highly prospective equatorial West Afric ...