Shell to Install an FPSO in Gato do Mato

Written by Paulo Nogueira

Published on 11/05/2019 at 08:54

Updated on 11/05/2019 at 19:35

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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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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.

Shell to Install an FPSO in Gato do Mato

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

Shell Plans to Invest Around US$ 2 Billion Per Year Until 2025 in Brazil

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Shell to Install an FPSO in Gato do Mato

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