Shell (SHEL) Brasil, a subsidiary of Shell plc, has secured additional equity in Brazil’s pre-salt oil projects following an auction led by Pre-Sal Petroleo, the company announced. Together with Petrobras (PBR), Shell Brasil deepened its stake in Atapu and Mero units, acquiring 26.76% of Atapu Open Acreage, or 0.95% of the unit, and 20% of Mero Open Acreage, or 3.5% of the unit. With this acquisition, Shell Brasil increased its participating interest in the units from 16.663% to 16.917% in Atapu and from 19.3% to 20% in Mero. Both projects are located in the offshore Santos Basin.
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