Shell Lifts Stakes in Atapu and Mero to Deepen Brazil Pre-Salt Position

Shell has expanded its long-term footprint in Brazil’s prolific pre-salt sector, raising its ownership stakes in the Atapu and Mero fields after securing additional equity in an auction led by state-controlled Pré-Sal Petróleo. The company acquired 26.76% of Atapu Open Acreage, equivalent to 0.95% of the Atapu unit, and 20% of the Mero Open Acreage, equivalent to 3.5% of the Mero unit, lifting Shell Brasil’s working interest to 16.917% in Atapu and 20% in Mero. The revised interests are expected to take e ...