Shell & Petrobras Expand Equity in Brazil's Two Pre-Salt Fields

Key Takeaways Shell and Petrobras increased their stakes in Brazil's Atapu and Mero fields through a new PPSA bid.SHEL's added acreage supports its plan to sustain 1.4M barrels per day of liquids output.PBR's expanded interest aligns with its 2026-2030 plan focused on high-return pre-salt assets.A consortium of Shell plc (SHEL) and Petróleo Brasileiro S.A. - Petrobras (PBR) recently announced the expansion of stakes in Brazil’s pre-salt region that continues to be a strategic growth engine for both companie ...