Shell sells its recently pre-empted 23% stake in BC-10 to Qatar Petroleum for US$1 billion
The Parque das Conchas fields (BC-10) are located in the ultra-deep waters (1,470-1,920 meters) of the Campos Basin. The development of the field has been spread over three phases. Currently, Shell is developing Phase Two, which is targeting the Argonauta O South reserves and is expected onstream by the end of 2013. Phase Three, which will target the Massa field and the Argonauta O North reserve, is expected to be completed by 2015.After Sinochem's bid for Petrobras' 35% stake of ...