Shell pays $1.1bn to compensate Petrobras for sunk costs in Atapu pre-salt field

Amount covers sunken costs incurred by Petrobras on Santos basin development offshore Brazil

Agreement: the P-70 FPSO producing in the Atapu pre-salt field — Agreement: the P-70 FPSO producing in the Atapu pre-salt fieldPhoto: PETROBRAS

Fabio Palmigiani

Rio de Janeiro

Brazil Shell Petrobras TotalEnergies Atapu

Published 14 April 2022, 13:49Updated 28 April 2022, 15:16