RIO DE JANEIRO, Jan 27 (Reuters) - Brazil's ANP oilregulator said Royal-Dutch Shell needs to negotiatewith the Brazilian government on an oil reservoir that exceedsthe limits of the concession block it controls with France'sTotal, according to an ANP document seen by Reuters.
The oil reserve, located in Shell's BM-S-54 block,encroaches on areas controlled by the Brazilian government thathave not yet been auctioned.