Gato do Mato: Shell confirms FID

Shell has made the Final Investment Decision (FID) for the Gato do Mato project in the Santos Basin, an asset secured by the company in 2017. The development plan includes an FPSO with a production capacity of up to 120,000 barrels per day, with operations expected to begin in 2029.

The Gato do Mato consortium consists of Shell (operator, 50%), Ecopetrol (30%), TotalEnergies (20%), and PPSA, which acts as the contract manager. The discovery is a gas-condensate field located in the pre-salt, spanning two adjacent blocks at depths of 1,750 to 2,050 meters.

This investment reinforces Shell’s position as the largest foreign oil producer in Brazil and aligns with its strategy of developing efficient deepwater projects. “Gato do Mato is a prime example of our commitment to maintaining stable liquids production in our Upstream business while continuing to meet the world’s energy needs,” said Zoe Yujnovich, Shell’s Director of Integrated Gas and Upstream.