Petrobras received BRL 5,26 billion from Shell for a block in the Santos Basin, a partnership between the two companies and TotalEnergies

Petrobras, which recently announced the election meeting for the chairman of its Board, informed on Wednesday, April 13, that it received in cash amounts, a total of R$ 5,26 billion from the British multinational oil company Shell, which refer to the company's 25% share in the Atapu block, located in the pre-salt in the Santos Basin. The oil company also did business with TotalEnergies.

According to the article written by Flávya Pereira for the Valor column, in December last year, the state-owned company Petrobras, in partnership with Shell – company that has invested millions in oil exploration blocks – and with the French company TotalEnergies, acquired the Atapu area in the Santos Basin through a transfer of rights auction, which was carried out by the National Petroleum Agency (also known by the acronym ANP), during the production sharing regime.

Shell has a stake in the block of exactly 25%, while TotalEnergies has a lower stake of 22,5%. In turn, Petrobras acquired 52,5% of the total block in the Santos Basin. Still, Petrobras points out that it expects full payment for the TotalEnergies portion.

According to information from Petrobras, who does big business, the signing of the sharing contract and the co-participation resolution in the Santos Basin are expected to take place by April 29th.

Do you know Shell? Check out a little about the company below.

Founded in 1907 by Hugo Loudon, Shell is a multinational oil company headquartered in London, UK. With revenue estimated at US$261,5 billion, its main activities are oil refining and natural gas extraction. Since January 2014, its CEO is Ben van Beurden.

Shell Brasil was the first private company to produce oil on a commercial scale in the country, in the Campos Basin, after the opening of the market. In Águas Profundas, Shell has 31 contracts with the Brazilian government, being operators in 21 of these projects. Shell Brasil is present in the Campos, Santos, Barreirinhas and Potiguar Basins, with participation in 21 exploratory blocks in the country.

Learn more about TotalEnergies

TotalEnergies SE is a business group in the petrochemical and energy sector with its headquarters in Paris, France. Currently, the company is operating in more than 130 countries, including Brazil, and employs around one million people. Founded by Ernest Mercier in 1924, today it has revenues of 205,8 billion dollars.

Petrobras holds voting among shareholders for the company's new Board; now, the Union has less space and relevance

On Wednesday, the 13th, the Petrobras shareholders' meeting voted on issues that may contribute to the company's political protection, in addition to changing the president and renewing the Board of Directors. In the public notice there are changes in the Bylaws that reinforce Petrobras' governance, which makes it difficult for the controlling shareholder to interfere in the state-owned company. 
Among the issues pointed out in the vote for the new Petrobras Statute was the shielding of the Governance and Compliance director, who will only be admitted or dismissed through a qualified quorum, that is, at least two-thirds approval by the Board will be required. The operation of committees will also be more accentuated, with the performance of the Personnel and Minority Committees when there are proposals for changes in the bylaws regarding the criteria for appointing members of the board of directors and the Board of Directors. Interested? To find out more is simple: just click here to read the article in full on the presidency of the state-owned company that partnered with TotalEnergies and Shell.