Shell decides to invest in the Gato do Mato oil project in the pre-salt layer of the Santos Basin.
The field development plan includes the installation of an FPSO (Floating Production, Storage and Offloading) vessel with the capacity to produce up to 120 barrels per day.
Reuters - Shell announced on Friday that it has made a final decision to invest in the Gato do Mato project in the pre-salt layer of the Santos Basin.
According to the oil company, the field development plan includes the installation of an FPSO (Floating Production, Storage and Offloading) vessel with the capacity to produce up to 120 barrels per day. Operations are expected to begin in 2029.
"Current estimated recoverable resource volumes from the Gato do Mato development are approximately 370 million barrels," Shell said in a statement.
The consortium responsible for the project is composed of Shell as operator, with a 50% stake, in addition to Ecopetrol (30%), TotalEnergies (20%) and the Brazilian state-owned company PPSA.
