Shell Brazil Signs Concession Contracts for Blocks Acquired in the Santos Basin

Nov. 27 – Shell Brazil has signed the concession contracts acquired in the 5th Cycle of the ANP’s Permanent Offer, consolidating its strategic position in the Santos Basin and growing its position in the deepwater sector in Brazil.

The following blocks were granted: S-M-1819, S-M-1821, S-M-1912 and S-M-1914. Shell has exploration rights as operator and 100% participation. Each contract establishes seven years for the exploration phase and 27 years for the production phase, with the possibility of extension according to the contractual clauses. The total signing bonus is approximately R$ 21.3 million.

Lúcio Prevatti, General Manager of Exploration, Development and Subsurface at Shell Brazil, said, “With the signing of these contracts, we reinforce our long-term commitment to the development of Brazil’s energy security. These new concessions expand our portfolio to 72 oil and gas contracts in the country, strengthening the country’s relevance to our operations. It is a source of pride for Shell to continue contributing with our technical expertise and operational excellence.”