In what CEO Peter Voser refers to as “one of the largest deep water oil accumulations in the world,” Royal Dutch Shell (NYSE: RDS-A & RDS-B), along with four other oil producers, will pay $280 Million for a 35-year contract to begin drilling in the Libra discovery in the Santos Basin, located about 105 miles off the Brazilian coast of Rio de Janeiro, Shell announced today.
According to Shell’s statement, Brazil’s governmental oil regulator estimates the Libra find has between 8 billion and 12 billion barrels of “recoverable resources.”
The consortium, of which Shell is a 20% stakeholder, also includes owner and operator Petrobas with a 40% stake, France-based Total with a 20% stake, and China’s CNPC and CNOOC, each with a 10% stake, Shell said in its statement. Shell has a strong presence in Brazil, having generated an estimated 65,000 barrels of equivalent oil a day (boe/d) in 2012.
Reaching the reservoir in the Santos Basin, which Shell tentatively estimates could produce as much as 1.4 million barrels of oil daily, will require ultra-deep water drilling to depths of approximately 11,500 feet below the sea floor.
Regarding the opportunity that the Libra discovery represents, Voser added, “We look forward to applying Shell’s global deep water experience and technology, to support the profitable development of this exciting opportunity.”
Shell expects the production contract to be signed in November, 2013, and has agreed to complete its “minimum work program” no later than the end of 2017, according to its statement.
In calendar year 2012, Shell produced approximately 3.3 million barrels of oil equivalent daily, and generates 50% of its production from natural gas.
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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.
