Fossil Energy – FPSO
Shell and the BW Offshore/Saipem consortium are close to concluding the contracting of the FPSO of Gato do Mato, a unit that should start operating between 2024 and 2025.
Sources involved confirmed that, after months of negotiations, Modec is out of the process and that the award of the contract between the oil company and the consortium of companies is about to be issued at any time.
Shell’s negotiations with BW Offshore/Saipem and Modec had been dragging on since the beginning of 2021. At the end of that year, there was an expectation that the contracting of the Gato do Mato FPSO would be approved in early 2022. there was no definition on the choice of the winner. The BW Offshore / Saipem consortium, however, had been seen as a favorite for some time.
The tender to contract the FPSO of Gato do Mato was launched in 2019, when Shell released the RFI (Request for Information).
The definitive bid for chartering the FPSO of Gato do Mato was only launched in March 2020, when the oil company specified the capacity of the production unit. SBM was also invited by Shell to participate in the tender, but chose not to submit a bid.