Shell Reveals Brazil FPSO Decision

The Libra Consortium has taken a final investment decision to contract the Mero-3 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field in the Santos Basin offshore Brazil, Shell (NYSE: RDS.A) reported Tuesday.

Besides Shell, other members of the Petrobras (NYSE: PBR)-operated Libra Consortium include Total (NYSE: TOT), CNPC and CNOOC Limited (NYSE: CEO). Petrobras has signed a letter of intent with Malaysia International Shipping Corp. Berhad (MISC Berhad) to charter and provide the Mero-3 FPSO, Shell noted in a written statement emailed to Rigzone.

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