BP agrees to sell Shell 50% stake in Tupinambá exploration block offshore Brazil

Reuters2026/09/02 18:09

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BP agreed terms for Shell to buy 50% of the Tupinambá exploration block in Brazil’s Santos Basin.
Shell will also take 30% in five deepwater Gulf of America leases covering the Conifer exploration prospect.
BP will retain 50% of Tupinambá, 70% of Conifer, remaining operator of both assets.
Deal supports BP’s capital allocation strategy to simplify the portfolio.
Tupinambá transaction remains subject to regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BP plc published the original content used to generate this news brief on September 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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BP agrees to sell Shell 50% stake in Tupinambá exploration block offshore Brazil

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