Dutch supermajor signed a memorandum of understanding to strengthen cooperation for deepwater activity.
Shell said a memorandum of understanding with a Brazilian company is symbolic of a true partnership for deep waters. Photo courtesy of Royal Dutch Shell.
By Daniel J. Graeber: Sept. 12, 2017
Sept. 12 (UPI) — Royal Dutch Shell said it formed a “true partnership of spirit” with a Brazilian company working in tough conditions in the country’s deep waters.
Shell said it signed a memorandum of understanding with Petroleo Brasileiro, the Brazilian company known also as Petrobras, meant to strengthen cooperation in deep waters.
“In true partnership spirit between two of the world’s largest energy companies, Shell will benefit from technical solutions, contract management expertise and cost efficient initiatives Petrobras applies to Brazil’s pre and post-salt projects,” Shell’s statement read. “Shell will share with Petrobras its global deep water experience, especially on cost efficiency efforts and use of technology.”