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Brazil's HRT to buy stake in Shell's Campos prospects- source

Mon, 19th Jan 2015 21:02

RIO DE JANEIRO, Jan 19 (Reuters) - Brazilian oil and gascompany HRT has reached an agreement to buy a stakein Royal-Dutch Shell assets in the Campos Basin, asource with knowledge of the deal said on Monday.

Further details of the agreement are expected to bepublished by HRT on the CVM, the local market regulator, websiteon Tuesday.

Bloomberg News, citing two people with knowledge of thematter, reported that the deal would give HRT 80 percent of theventure.

The fields involved in the deal are the Bijupira and Salemaareas, which were some of the first to be operated by a foreigncompany in Brazil on a commercial scale, the source that spokewith Reuters said.

HRT and Shell were not immediately available for comment. (Reporting by Marta Nogeira; Writing by Reese Ewing; Editing byDiane Craft)

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