These Charts and Maps Explain the Shell-BG Megadeal in Brazil
By Julie Verhage/(Bloomberg)
8:55 AM BRT
April 9, 2015
According to the deal presentation, Shell and BG’s combined Brazilian production of about 150,000 boe/d in 2014 is forecast by management to increase to 550,000 boe/d by 2020, solidifying Shell’s foothold in deepwater pre-salt oil offshore Brazil.
It’s not just LNG that will be expanding, other key producing assets such as deep water and the upstream engine are expected to grow.
The deal is expected to bring in approximately $2.5 billion a year synergies, with potential for more.