BP Agrees To Sell 50% Stake In Tupinamba Exploration Block To Shell Offshore Brazil; Financial Terms Undisclosed
https://www.bp.com/press-and-publications/press-releases/bp-welcomes-shell-into-exploration-prospects-in-brazil-and-gulf-of-america
BP is letting Shell buy a half-share in an oil-hunting area off Brazil's coast. When big companies team up like this, it means they both think there's a real chance to find oil there—and they want to split the cost and the risk.
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