March 11, 2010, 7:23 PM EST
By Peter Millard
March 11 -- Royal Dutch Shell Plc. confirmed that it sold part of its stake in an offshore Brazilian oil block to Japan’s Inpex Corp.
Shell said in an e-mailed statement today that it sold 15 percent of the BM-ES-23 block. Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, operates the block with a 65 percent stake.
Financial terms of the deal weren’t disclosed.
Source: http://www.businessweek.com/news/2010-03-11/shell-sells-stake-in-offshore-brazil-oil-block-to-japan-s-inpex.html
By Peter Millard
March 11 -- Royal Dutch Shell Plc. confirmed that it sold part of its stake in an offshore Brazilian oil block to Japan’s Inpex Corp.
Shell said in an e-mailed statement today that it sold 15 percent of the BM-ES-23 block. Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, operates the block with a 65 percent stake.
Financial terms of the deal weren’t disclosed.
Source: http://www.businessweek.com/news/2010-03-11/shell-sells-stake-in-offshore-brazil-oil-block-to-japan-s-inpex.html
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