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5 Pages

Shell sells its 20% interest in BM-S-8 to Queiroz Galvão and Barra Energia

Shell sells its 20% interest in BM-S-8 to Queiroz Galvão and Barra Energia

Report summary

Queiroz Galvão (QGEP) and Barra Energia have together agreed to purchase Shell's 20% stake in exploration block BM-S-8, located in the prolific pre-salt Cluster Area of Brazil's Santos Basin. The total consideration is US$350 million.Although BM-S-8 contains a couple of existing discoveries, these are limited in size, and we consider the bulk of the value in the deal to lie in the remaining exploration potential of the block. Our analysis suggests that the buyers will ...

What's included?

This report includes 1 file(s)

  • Shell sells its 20% interest in BM-S-8 to Queiroz Galvão and Barra Energia PDF - 743.19 KB 5 Pages, 1 Tables, 1 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
    • Discovered reserves
    • Exploration potential
  • Deal analysis
  • Strategic rationale
    • Queiroz Galvão
    • Barra Energia
    • Shell

In this report there are 2 tables or charts, including:

  • Executive summary
  • Transaction details
  • Upstream assets
    • Santos Basin - the pre-salt Cluster Area
    • Upstream assets: Table 1
  • Deal analysis
  • Strategic rationale
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