Shell has signed a Memorandum of Understanding (MoU) with Brazilian operator Petrobras.
According to the South American firm, the aim of the deal is to “establish long-term, operationally focused mutual collaboration on assets in which we operate in partnership”.
The document was signed by president Pedro Parente and Shell chief executive Ben Van Beurden during a visit to the supermajor’s facilities in the Netherlands.
In a statement Petrobras said: “The main objective of the memorandum is the sharing of experiences and best practices, aiming at reducing costs in the activities of well construction, logistics and aviation security.
“As part of the agreement, a committee of representatives of both companies will be formed to jointly evaluate activities that allow the continuous development of operational processes.
“Currently, we and Shell are partners in ten exploration and production consortia, each one operating in five blocks.”
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