Deal Insight

Shell divests its 40% stake in the BS-4 project to Queiroz Galvao and Barra Energia

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Queiroz Galvão (QGEP) and Barra Energia have together agreed to purchase Shell's 40% operated stake in the BS-4 project, located in the northern part of Brazil's Santos Basin. QGEP will assume a 30% stake (and we assume operatorship), with Barra taking the remaining 10%.The BS-4 project involves the joint exploitation of two heavy oil fields, Atlanta and Oliva, which collectively hold gross reserves of around 350 million barrels of oil. Appraisal work is required to firm up ...

Table of contents

  • Executive summary
  • Transaction details
    • Development concepts
    • Exploration upside
  • Deal analysis
  • Upsides and risks
    • Queiroz Galvão
    • Barra Energia
    • Shell
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 4 images and tables including:

  • Deal analysis: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

What's included

This report contains:

  • Document

    Shell divests its 40% stake in the BS-4 project to Queiroz Galvao and Barra Energia

    PDF 325.13 KB