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Shell finds more gas traces in Brazil
![Shell finds more gas traces in Brazil](https://cdnimg.bnamericas.com/NRBbdTDYwGWBEEKbYccZSdNpuEdhnvnLlQWGsgxAENAzdEwwoUiDcqIwlFRxBoIj.jpg)
Shell Brasil has found more natural gas traces off Brazil's southeast coast, according to data from the local oil and gas regulator ANP.
The signs of hydrocarbons were identified in Campos basin block C-M-659 through the drilling of well 1-SHEL-35A-RJS, in waters 2,940m deep.
The asset was awarded in the 16th concession bidding round, conducted by the ANP in 2019.
Shell is the operator of the area with a 40% stake, with Chevron (35%) and QPI Brasil (25%) as partners.
This is the second gas trace found by Shell in C-M-659, following first evidence reported in August.
In total, operators have reported 13 oil and/or gas trace finds to the ANP so far this year.
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News in: Oil & Gas (Brazil)
![Brazilian steelmaker CSN pens gas supply contract with Petrobras](https://cdn-www.bnamericas.com/img/sectors/oilgas_2.jpg)
Brazilian steelmaker CSN pens gas supply contract with Petrobras
The contract marks the entrance of CSN into the free natural gas market and Petrobras will be the main supplier.
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Why Brazil’s new gas decree could dent investor confidence
BNamericas speaks to several experts about the potential risks of a recent decree that changes some gas industry rules.
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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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Karoon Petroleo & Gas Ltda. is a Brazilian subsidiary company of Karoon Gas Australia Ltd. incorporated in 2008, which is mainly engaged in the exploration and extraction of oil...