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Shell says investment in Brazil subsalt to remain robust

Mon, 15th Feb 2016 11:31

RIO DE JANEIRO Feb 15 (Reuters) - Royal Dutch Shell, Europe's largest oil company, believes that investmentin Brazil's subsalt offshore areas will remain robust, ChiefExecutive Ben van Beurden said in Rio de Janeiro on Monday.

Van Beurden said that subsalt areas should be able to breakeven at oil prices expected this year. The global oil industrymust invest $1.5 trillion a year to maintain output, he added. (Reporting by Jeb Blount and Marta Nogueira; Writing byCaroline Stauffer; Editing by David Goodman)

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