Shell's Brazil Subsidiary Joins Consortium Developing Gato do Mato Offshore Project
Financial details of the investment in joining the consortium weren't disclosed.
The Gato do Mato consortium now includes Shell, as operator of the project, with a 50% stake;
The project's recoverable resource volumes are estimated at about 370 million barrels. The project includes installation of a floating production storage and offloading vessel, and is designed to produce up to 120,000 barrels of oil per day once it is anticipated to begin operations in 2029, Shell said.
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Shell's Brazil Subsidiary Joins Consortium Developing Gato do Mato Offshore Project
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