What stake is Shell acquiring in BP's Conifer prospect, and who will remain the operator?

Shell is acquiring a 30% stake in the BP-operated Conifer exploration prospect in the Gulf of Mexico, while BP retains the remaining 70% interest and continues as operator.

What other asset is Shell acquiring from BP, and what are the ownership terms?

Shell is also acquiring a 50% stake in the Tupinamba exploration block in Brazil's Santos Basin, with BP retaining the other 50% and continuing as operator.

Shell to acquire stake in BP-operated Conifer prospect in Gulf of Mexico

Sep 2, 2026

Shell Offshore will acquire a 30% stake in BP's Conifer prospect in the Gulf of Mexico and a 50% interest in the Tupinamba block in Brazil, signaling a renewed focus on upstream oil and gas growth.

reuters

2026-09-02

Shell to acquire stake in BP-operated Conifer prospect in Gulf of Mexico

Shell to acquire stake in BP-operated Conifer prospect in Gulf of Mexico

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