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Shell Boosts Stake in Brazil's Atapu and Mero Oil Projects
ByAinvest
Thursday, Dec 4, 2025 11:42 am ET1min read
Shell's Brazilian subsidiary has increased its participation in the Atapu and Mero offshore oil projects. Shell Brasil's interest in Atapu rose from 16.663% to 16.917%, and in Mero from 19.3% to 20%. The investment will strengthen Shell's position and help it achieve its goal of producing 1.4 million barrels of oil and gas liquids per day by 2030. The increased work interest will take effect from 2027. Shell is the second largest oil and gas producer in Brazil, behind Petrobras.
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