Libra Consortium takes final investment decision on Mero-3 FPSO in Brazil's pre-salt

"Mero-3 is the latest addition to our world-class asset portfolio in the Brazilian pre-salt," said Wael Sawan, Upstream Director, Royal Dutch Shell.  "Shell is the largest foreign producer in Brazil, and we are proud to progress another valuable growth opportunity in the country to support the long-term strategy of our Upstream business." "Mero-3 is the latest addition to our world-class asset portfolio in the Brazilian pre-salt," said Wael Sawan, Upstream Director,Royal Dutch Shell...

"Mero-3 is the latest addition to our world-class asset portfolio in the Brazilian pre-salt," said Wael Sawan, Upstream Director, Royal Dutch Shell.  "Shell is the largest foreign producer in Brazil, and we are proud to progress another valuable growth opportunity in the country to support the long-term strategy of our Upstream business."

As one of Shell's core Upstream themes, Deep Water is set to deliver resilient cash generation from high-value barrels. Shell's global deep-water business enjoys an attractive funnel of long-life, resilient development and exploration opportunities in Brazil, the US, Mexico, Nigeria, Malaysia, Mauritania, and the Western Black Sea.

Editors Notes

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