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| Name | Symbol | Market | Type |
|---|---|---|---|
| Petroleo Brasileiro ADR | NYSE:PBR | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.07 | -0.41% | 16.90 | 17.08 | 16.67 | 16.99 | 13,543,168 | 01:00:00 |
From May 2019 to May 2024
By Oliver Griffin
Royal Dutch Shell PLC (RDSB.LN) said Wednesday that new deep-water production is underway at P-69, a floating production storage and offloading installation in Brazil's Santos Basin.
Shell said the deepwater installation is operated by the Lula consortium, which includes its subsidiary Shell Brasil Petroleo Ltda., Petroleo Brasileiro SA (PBR)--Brazil's semi-public petroleum company--and Galp Energia SGPS S/A (GALP.LB), through its subsidiary Petrogal Brasil.
Operated by Petrobras, P-69 can produce up to 150,000 barrels of oil and 6 million cubic meters of gas each a day.
Shell has a 25% stake in the Lula consortium, while Petrobras and Galp hold 65% and 10% respectively.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
October 24, 2018 11:00 ET (15:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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