Shell Brasil, a subsidiary of Shell plc, has taken the Closing Funding Choice (FID) for Gato do Mato, a deepwater challenge within the pre-salt space of the Santos Basin, offshore Brazil.
The Gato do Mato Consortium consists of Shell (operator with a 50% stake), Ecopetrol (30%), TotalEnergies (20%) and Pré-Sal Petróleo S.A. (PPSA) performing because the supervisor of the manufacturing sharing contract (PSC). The event plan consists of the set up of a floating manufacturing storage and offloading (FPSO) vessel and is designed to supply as much as 120,000 barrels of oil per day (bopd). Present estimated recoverable useful resource volumes of the Gato do Mato growth are roughly 370 million barrels.
“Gato do Mato is an instance of our ongoing funding in more and more environment friendly tasks,” stated Zoë Yujnovich, Shell’s Built-in Fuel and Upstream Director. “The challenge contributes to sustaining secure liquids manufacturing from our advantaged Upstream enterprise, and expands our management as the biggest international producer in Brazil as we proceed working to supply for the world’s power wants properly into the longer term.”
Situated within the Santos Basin, the Gato do Mato challenge is a pre-salt gas-condensate discovery that covers two contiguous blocks: BM-S-54, a concession contract entered into in 2005, and Sul de Gato do Mato, a manufacturing sharing settlement obtained in 2017. Preliminary operations will contain the reinjection of pure fuel for reservoir strain assist, with future optionality to export fuel to onshore services. The blocks are offshore Brazil from the Rio de Janeiro coast, in water depths starting from 1,750 to 2,050 meters.
The consortium anticipates that the Gato do Mato area will begin operations in 2029.
