Fossil Energy – Brazil
Shell Brasil has taken the Final Investment Decision (FID) for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin, offshore Brazil.
The Gato do Mato Consortium includes Shell (operator with a 50% stake), Ecopetrol (30%), TotalEnergies (20%) and Pré-Sal Petróleo S.A. (PPSA) acting as the manager of the production sharing contract (PSC).
The development plan includes the installation of a floating production storage and offloading (FPSO) vessel and is designed to produce up to 120,000 barrels of oil per day.
The current estimated recoverable resource volumes of the Gato do Mato development are approximately 370 million barrels.
The consortium anticipates that the Gato do Mato field will commence operations in 2029.
