Shell to Start Exploration in BC-10 Brazil Field
Royal Dutch Shell will start in coming days a new exploration phase in the BC-10 project off the coast of Brazil, where it has already invested more than $1 billion, the company's chief executive in the country said in a presentation.
Shell wants to keep investing in Brazil as the country has viable oil reserves despite recent market uncertainties, Shell Brazil CEO Andre Araujo said.
Reporting by Rodrigo Viga Gaier