02 January 2024
02 January 2024
The oilfield is believed to be one of the world's largest, with recoverable reserves estimated to exceed 20 billion barrels.
The Brage field, a late life producing asset in the North Sea, was discovered in 1980 and has been operational since 1993.
Located in the Libra block, the Mero field is operated by Brazilian state-owned oil and gas company Petrobras.
The assets, known as STX Midstream, include a network of integrated, high-pressure pipelines connecting the Eagle Ford basin to markets in Mexico and the Gulf Coast.
Ocyan, a Brazilian company, specialises in subsea construction and decommissioning projects.
The deal, commencing in January 2024, involves the annual supply of up to 18 million barrels of Qatar Land and Qatar Marine crude oils to Shell.
On Tuesday, a gas tanker fell off the road in Liberia’s Totota, resulting in fatalities and injuries.
The Brazilian state-owned oil and gas company acquired a 45% stake in blocks 10 and 13 and a 25% stake in block 11.
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