TechnipFMC Signs Contract Exceeding $1 Billion with Shell for Development of the Subsea Area of the Gato do Mato Field

Written by Andriely Medeiros de Araújo

Published on 27/03/2025 at 20:06

TechnipFMC fecha contrato de mais de US$ 1 bilhão com Shell para desenvolver o campo Gato do Mato, com previsão de operação em 2029. (Fonte: hartenergy)

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TechnipFMC Closes Over US$ 1 Billion Contract with Shell to Develop Gato do Mato Field in Santos Basin, Expected to Begin Operations in 2029.

The global company TechnipFMC announced a new contract in Brazil, valued at over US$ 1 billion, for the subsea development of the Gato do Mato field. The investment comes after Shell’s investment decision announcement for the Gato do Mato block, located in the Santos Basin in Rio de Janeiro.

The contract, which covers Engineering, Procurement, Construction, and Installation services (iEPCI), is an important step for the exploration and development of the Gato do Mato field, which is situated in depths between 1,750 and 2,050 meters.

The Partnership Between TechnipFMC and Shell

TechnipFMC has a long history of partnership with Shell, with over 30 years of successful collaboration.

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The Field and the Investment Project in Gato do Mato

The Gato do Mato field is a significant gas-condensate discovery in the pre-salt layer, located in the Santos Basin off the coast of Rio de Janeiro.

This field involves two adjacent blocks: BM-S-54, acquired through a concession contract in 2005, and the Southern Gato do Mato block, obtained in 2017 through a production-sharing contract.

The consortium responsible for the development of the Gato do Mato field is composed of Shell (with a 50% stake), Ecopetrol (30%), TotalEnergies (20%), and Pré-Sal Petróleo S.A. (PPSA), which is the manager of the production-sharing contract.

The investment in the Gato do Mato field is focused on the installation of a floating production, storage, and offloading unit (FPSO), with a capacity to produce up to 120,000 barrels of oil per day.

The FPSO is expected to come online in 2029, marking a significant advancement in the field’s development and the region’s oil and gas production potential.

TechnipFMC will be responsible for executing several phases of the project, using its integrated engineering solutions to ensure efficiency and the success of the investment.

Get to Know TechnipFMC

TechnipFMC is a global leader in providing technologies and solutions for the energy sector, with a strong focus on subsea, onshore, and offshore projects.

The company has stood out for its ability to integrate innovative and highly efficient solutions for large engineering projects, such as the Gato do Mato field.

With a presence on multiple continents and over 60 years of experience, TechnipFMC is committed to delivering greater profitability and efficiency to its clients throughout the project lifecycle.

Additionally, the company is recognized for its expertise in reducing environmental impact and optimizing resources used in energy projects.

With operations in markets such as North America, Latin America, Europe, Asia-Pacific, and the Middle East, TechnipFMC continues to expand its solutions in the energy sector, establishing itself as a strategic partner to major players, such as Shell, for the development of increasingly sustainable and innovative projects.

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TechnipFMC Signs Contract Exceeding $1 Billion with Shell for Development of the Subsea Area of the Gato do Mato Field

TechnipFMC Closes Over US$ 1 Billion Contract with Shell to Develop Gato do Mato Field in Santos Basin, Expected to Begin Operations in 2029.

The Partnership Between TechnipFMC and Shell

The Field and the Investment Project in Gato do Mato

Get to Know TechnipFMC

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TechnipFMC Signs Contract Exceeding $1 Billion with Shell for Development of the Subsea Area of the Gato do Mato Field

TechnipFMC Closes Over US$ 1 Billion Contract with Shell to Develop Gato do Mato Field in Santos Basin, Expected to Begin Operations in 2029.

The Partnership Between TechnipFMC and Shell

The Field and the Investment Project in Gato do Mato

Get to Know TechnipFMC

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Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

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