Brazil regulator tells Shell, partners to develop two oilfields as one
RIO DE JANEIRO | BY MARTA NOGUEIRA: 18 Aug 2015
Brazil’s National Petroleum Agency (ANP) ruled that Royal Dutch Shell (RDSa.L) and its Qatari and Indian partners need to treat oil and gas fields in the Parque das Conchas area as a single deposit, Shell said, a move that could increase taxes on output.
Shell owns 50 percent of Parque das Conchas, its main Brazilian asset. Qatar’s state oil company Qatar Petroleum [QATPE.UL] owns 23 percent and India’s ONGC (ONGC.NS) owns 27 percent.
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