September 28, 2018 / 1:15 PM / 3 months ago

Shell, Chevron clinch Saturno block in Brazil oil tender

RIO DE JANEIRO, Sept 28 (Reuters) - A consortium made up of Royal Dutch Shell and Chevron Corp won the Saturno block in the Santos basin in Brazil's pre-salt offshore oil auction on Friday, outbidding a rival group led by Exxon Mobil Corp.

Shell's consortium won by pledging 70.2 percent of profit oil to Brazil's government, in the last oil auction ahead of a hotly contested presidential election next month. (Reporting by Marta Nogueira and Alexandra Alper Editing by Chizu Nomiyama)

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