AFX News Limited: Shell wins Espirito Santo oilfield licenses: “Royal Dutch Shell PLC said it acquired the permits to search for oil and gas in the Espirito Santo basin offshore Brazil.”: Friday 21 October 2005

LONDON (AFX) - Royal Dutch Shell PLC said it acquired the permits to search for oil and gas in the Espirito Santo basin offshore Brazil.

It won the licenses under the government's seventh bid round.

Shell said it will operate block ESM 438, with a 100 pct stake, and partner with Brazil's state-owned oil company Petrobras, which will operate blocks ESM 411, 436 and 437.

It also acquired the permit for SM 518, a deepwater area in Santos.

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