Shell eyes mid-2003 start-up for Brazilian development

Royal Dutch/Shell Group's Brazilian unit is targeting a mid-2003 start-up of the first commercial oil development by a foreign company in Brazil since demonopolization of the country's petroleum industry began in 1997.Its efforts in pursuing development of the adjoining Bijupirá and Salema oil fields in the deepwater Campos basin comprise the capstone of Shell Brasil SA's initiatives in Brazil's upstream sector. Click here to enlarge imageShell also is pressing exploration of 14 blocks throughout Brazil either alone or in association with other companies (see table). These projects have called for investments of about $300 million to date. The company has participate...

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