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Brazil's HRT says to buy Shell's stake in Campos areas

Tue, 20th Jan 2015 19:34

BRASILIA, Jan 20 (Reuters) - Brazilian oil and gas companyHRT has reached an agreement to buy Royal-Dutch Shell assets in the Campos Basin for an undisclosed sum, thecompany said in a statement on Tuesday.

HRT said it would acquire Shell's 80 percent stake in theBijupira and Salema areas, according to the statement. Theremaining 20 percent are owned by Brazil's state-run oil companyPetroleo Brasileiro SA.

The Bijupira and Salema areas were some of the first to beoperated by a foreign company in Brazil on a commercial scale.The deal will allow HRT to treble its current oil output to morethan 30,000 barrels per day, the company said. (Reporting by Silvio Cascione; Editing by Tom Brown)

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