Shell's Gato do Mato deepwater project in Brazil reaches FID

Shell has taken a final investment decision (FID) on Gato do Mato, a deepwater project offshore Brazil. Located in the Campos Basin, the field is operated by Shell with a 50% stake in partnership with Ecopetrol (30%), TotalEnergies (20%) and PPSA (10%).

Gato do Mato is planned to feature a floating production, storage and offloading (FPSO) unit with a production capacity of 120,000 barrels of oil per day (bopd).

First oil from Gato do Mato is expected in 2029.

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