Upstream: Petrobras and Shell Join Forces to Explore New Business Opportunities in the Oil and Gas Sector

Written by Bruno Teles

Published on 13/03/2023 at 12:16

Updated on 14/03/2023 at 13:23

Petrobras e Shell (foto/divulgação)

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Intending to Identify New Businesses in the Upstream Area, Petrobras and Shell Signed a Memorandum of Understanding (MoU) on March 11.

The goal of the partnership is to identify opportunities and areas of mutual interest in the exploration and production of oil and natural gas. The agreement was made between the exploration and production teams of Petrobras and Shell. According to Petrobras, the partnership is another step towards consolidating its strategy of developing partnerships with foreign companies.

The aim is to enhance business potential in the oil and gas sector both in Brazil and abroad. Shell is one of the largest energy companies in the world, operating in over 70 countries. In Brazil, the company operates in various areas, such as exploration, production, natural gas distribution, and the trading of chemical products.

For Petrobras, the partnership is an opportunity to strengthen its operations in the upstream sector, which involves the exploration and production of oil and natural gas. With the signing of the MoU, the company will be able to benefit from Shell’s experience in the search for new business opportunities.

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