New Shell Project Scheduled for 2023 in the Pre-Salt of the Santos Basin, With Production Estimates of 90 Thousand Barrels Per Day Connected to 10 Wells
The exploration block BM-S-54, named Gato do Mato and located in the pre-salt of the Santos Basin, will feature a new project for the installation of an FPSO with anchoring led by Shell, announces the site E&P Brasil. The asset will be developed in the southern part of the block with the first oil expected in 2023, with the offshore unit designed to handle 90 thousand barrels per day of oil and 8.5 million cubic meters of natural gas.
Additionally, the FPSO will be capable of storing around 1.6 million bpd, with operations planned until 2048 (25 years).
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Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
- The venture plans for 10 wells
- 4 production wells
- 4 gas injection wells
- 2 seawater injector wells
Since there is already installed infrastructure in the Santos Basin, Shell can use two paths to transport natural gas, utilizing either the unit’s injection system or flowing through the PMXL-1 platform in Mexilhão or through the production system in Uruguá.
Shell Plans to Invest Around US$ 2 Billion Per Year Until 2025 in Brazil
The vice president of exploration for Shell in North America and Brazil, Martin Stauble, stated during OTC Houston 2019 that Brazil is currently the main driver of the oil company’s Capex. Despite the appetite for Brazil, the executive noted that the country still presents some challenges: “It is still very difficult to obtain seismic permits,” he informed. Learn more here.

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