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Shell Makes Brazil One of Top Three Countries After BG Merger

  • Company plans to double Brazil output by 2020 with new fields
  • Shell expects Brazil deepwater to be competitive for years

Royal Dutch Shell Plc. has made Brazil one of its top three countries after completing a merger with BG Group Plc, and sees the South American nation’s deep-water fields remaining competitive for years to come.

Brazil “will remain a key destination country for us for investment dollars for at least another decade,” Chief Executive Officer Ben Van Beurden told reporters in Rio de Janeiro on Monday as Shell took control of BG’s Brazil assets. “Today we will see the birth of what will be undoubtedly the best company in our industry.”