Shell To Start Output At Brazil BC-10 Oil Block In 2009-Valor
Shell has a 50% operating stake in the BC-10 block off Espirito Santo state, while Brazil’s state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, holds another 35%, and India’s state-run Oil & Natural Gas Corp. (500312.BY) has 15%.
In a second phase of the project, Shell will also start producing from the Nautilus field in the same oil block. Shell has previously said it estimates potential oil reserves in the BC-10 block of 400 million barrels.
Shell is also preparing to produce from the extra heavy Atlanta and Oliva fields in the BM-S-4 block in the Santos Basin further south off Brazil’s coast, but hasn’t given a date for production start there yet.
Shell is the lead operator of the block with a 40% stake. Petrobras holds 40% and Chevron Corp. (CVX) the remaining 20%.
Shell currently already produces little more than 30,000 barrels a day from the twin Bijupira and Salema oil fields in the Campos Basin.
The company also has a 40% non-operating stake in the BM-S-8 block in Brazil’s ultradeep pre-salt play in the Santos Basin, where the Bem-Te-Vi find was made recently. The BM-S-8 block is adjacent to the BM-S-9 block where Petrobras has made its promising Carioca find.
In April, Haroldo Lima, the head of Brazil’s National Petroleum Agency, or ANP, sent shock waves through the oil world when he said reserves in the area around Carioca could contain 33 billion barrels of oil equivalent, or BOE.
Industry experts and analysts told Dow Jones Newswires that Carioca is part of a gigantic geographical structure that may contain several huge oil fields. That structure stretches across the BM-S-9 block, the BM-S-8, the BM-S-21 and the BM- S-22, the experts said.
The BM-S-8 block is operated by Petrobras with a 50%stake. Next to Shell’s 40% stake, Portugal’s Galp Energia (GALP.LB) holds another 10%.
-By Bernd Radowitz, Dow Jones Newswires; +55-11-8193-5722; bernd.radowitz@ dowjones.com;
(END) Dow Jones Newswires 05-08-08 0925ET Copyright (c) 2008 Dow Jones & Company, Inc.
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
