Recently, on 2017, the international company Royal Dutch Shell and Petrobras signed an agreement of understanding to establish a long-term mutual collaboration in the development of pre-salt fields in Brazil. By signing this memorandum Shell will benefit from technical solutions, contract management experience and cost-effective initiatives that Petrobras applies to pre and post-salt projects in Brazil.

On the other hand, Shell will share its experience in deep waters around the world, with special emphasis on cost efficiency efforts and the use of technology. The Memorandum of Understanding also includes the exchange of best practices on security and governance management, technical and operational solutions, contract management, logistics, well construction and air transport security.

The meeting was attended by important people from both companies, the document was signed by Shell CEO Ben Van Beurden and Petrobras CEO Pedro Parente. This meeting took place during a visit by Petrobras executives to the headquarters of Shell.

The signature of the agreement has a validity of five and can be renewed at the end of that time. Shell is Petrobras’ strategic partner in the pre-salt, with minority interests in the Libra and Lula fields, as well as other important areas such as Sapinhoá, Lapa and Lara, all in the Santos Basin.F

It is recalled that in May, Shell, through its subsidiary BG E & P Brazil and partners of the consortium in Lula South, started production of deep water in the P-66 FPSO. Where positioning was achieved at a water depth of 2,150 meters, the P-66 has a capacity to process up to 150,000 barrels of oil and six million cubic meters of natural gas per day.

The FPSO is the first of a series of standardized vessels operated by Petrobras to begin production within the BM-S- 11 block consortium and the seventh to produce within the consortium in general. On the other hand, the P-66 is the tenth deep water FPSO in operation through Shell’s working interest in the pre-salt areas of the Santos Basin. Shell also operates two additional FPSOs offshore in Brazil.

Shell is an internationally recognized company and operates throughout the world with various markets in the maritime industry. In the case of Shell’s deep water business also extends to the Gulf of Mexico, Nigeria and Malaysia and worldwide, it produces an estimated 725,000 barrels of oil equivalent per day (boe /d) and production is expected to reach approximately 900, boe / early 2020s of areas already discovered and established.