Bloomberg News

Petrobras Takes Shell’s 40% Stake in BM-S-45 Santos Block

March 02, 2012

Petroleo Brasileiro SA (PETR4) took over Royal Dutch Shell Plc. (RDSA)’s 40 percent stake in the BM-S-45 exploration block in the Santos Basin, Brazil’s oil regulator announced on its website.

The oil regulator, known as ANP, didn’t announce the terms of the deal.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: Peter Millard at pmillard1@bloomberg.net


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