(Source: Shutterstock.com)
Shell Brasil Petróleo Ltda., a Shell Plc subsidiary, has taken the final investment decision for Gato do Mato, a deepwater 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%) and TotalEnergies (20%). Pré-Sal Petróleo SA will act as the manager of the production sharing contract. The consortium anticipates project startup in 2029.
The group plans to install a FPSO designed to produce up to 120,000 bbl/d of oil. The current estimated recoverable resource volume of the Gato do Mato development is 370 MMbbl.
Initial operations will involve the reinjection of natural gas for reservoir pressure support, with future optionality to export gas to onshore facilities.
The blocks are offshore Brazil from the Rio de Janeiro coast, in water depths ranging from 1,750 m to 2,050 m.
Recommended Reading
E&P Highlights: March 3, 2025
2025-03-03 - Here’s a roundup of the latest E&P headlines, from planned Kolibri wells in Oklahoma to a discovery in the Barents Sea.
Drones Proving to be More than Just a Toy in Chevron Operations
2025-04-22 - Chevron Corp. has partnered with drone maker and operator Percepto to get a better look at its operations in two U.S. basins.
‘A Nightmare:’ It’s Easier to E&P in Turkey Than in New Mexico
2025-04-29 - “I’ve been in this business a long time, and I’ve never seen anything like it,” Malone Mitchell III, chairman and CEO of international explorer TransAtlantic Petroleum, said in Oklahoma City about trying to operate in New Mexico.
Exclusive: Halliburton's E-Fleets Lower Haynesville Completions Costs
2025-04-14 - Halliburton’s Neil Modeland, senior business technology development manager, shares insight into the company’s electrification services and efforts to minimize associated completions costs in the Haynesville Shale, in this Hart Energy Exclusive interview.
How DeepSeek Made Jevons Trend Again
2025-03-25 - As tech and energy investors began scrambling to revise stock valuations after the news broke, Microsoft Corp.’s CEO called it before markets open: “Jevons paradox strikes again!”
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.