2019: The Year of Shell's Expansion in Brazil

2019: The Year of Shell’s Expansion in Brazil

Written by Renato Oliveira

Published on 21/03/2019 at 10:30

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After the Investment Period in Acquisitions, It’s Time for a New Exploration Cycle for Shell in Brazil, Full of Business Expansion Opportunities

Selling the past two years investing in asset purchases, Shell spent about R$ 2.17 billion. Therefore, the time has come to drill the newly acquired wells in the Pre-Salt.
The year 2019 marks the beginning of a new cycle for the company, a stage that will generate many new opportunities for the company to expand its business in Brazil and consequently create jobs here.

As proof of its business expansion, the company announced in February, its entry into the energy sector with the acquisition of 29.9% in the consortium responsible for the construction of the Marlim Azul gas thermal power plant (565 megawatts) in Macaé (RJ), along with Pátria Investimentos and Mitsubishi.
The thermal power plant was designed to use natural gas sourced from Shell’s fields in the Pre-Salt, but the company is not satisfied and is already exploring other acquisition opportunities in the gas market and the upcoming auctions from ANP.

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André Araujo, the president of Shell, stated that the company intends to drill four wells in 2019 in the South areas of Gato do Mato and Alto de Cabo Frio Oeste, both in the pre-salt of the Santos Basin, as well as wells in mature field revitalization.
In this revitalization area, Shell has initiated activities in the Parque das Conchas, in the post-salt of the Campos Basin, with the aim of drilling two wells in search of new discoveries and to extend the lifespan of the area.

Another area that will receive the company’s investments will be the Bijupirá-Salema fields, in the Campos Basin, as the company has managed to extend the concession’s lifespan by five years, to between 2022/2023.

Only Behind Petrobras

Only outdone by Petrobras, Shell is the second-largest oil and gas producer in the country, with production around 330,000 barrels/day of oil and 13 million cubic meters of natural gas daily.
According to its president, energy generation is not the only destination for the gas produced by the company; he wants to explore new markets, such as use in heavy-duty vehicles, injection into pipelines, and even working together with distributors to enhance the dynamics of the gas market in the country.

Today, Shell is one of the top favorites in the upcoming bidding rounds that will take place this year, and why not even include the (most anticipated) auction of the surplus from the onerous assignment.

The Construction of the Thermal Power Plant in Macaé by the Consortium of the Company with Mitsubishi is Already Preparing the Ground in Macaé! Learn More Here!

2019: The Year of Shell’s Expansion in Brazil

After the Investment Period in Acquisitions, It’s Time for a New Exploration Cycle for Shell in Brazil, Full of Business Expansion Opportunities

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Only Behind Petrobras

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2019: The Year of Shell’s Expansion in Brazil

After the Investment Period in Acquisitions, It’s Time for a New Exploration Cycle for Shell in Brazil, Full of Business Expansion Opportunities

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Only Behind Petrobras

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

For 45 years, Spain and Morocco have been trying to connect Europe to Africa through a project of just 14 kilometers in the Strait of Gibraltar, and an active tectonic fault on the seabed continues to make the project nearly impossible.

Attracting around 250,000 people a year, a lighthouse 200 meters from the sea, on a 60-meter high cliff, on the North Sea coast in Denmark, becomes one of the most impressive examples of how nature can threaten historical buildings.

Meteorite scares after crossing the sky at over 56,000 km/h, exploding into pieces and leaving a hole in the roof of a house.

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