Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, has made the Final Investment Decision (FID) for Gato do Mato, a deepwater project in the pre-salt area of the Santos Basin. The Gato do Mato Consortium includes Shell (operator with 50% stake), Ecopetrol (30%), TotalEnergies (20%) and Pré-Sal Petróleo S.A. (PPSA), which acts as the manager of the production sharing contract (PSC). 

The development plan envisages the installation of a floating production, storage and offloading (FPSO) unit, designed to produce up to 120,000 barrels of oil per day. The estimated volume of recoverable resources from the Gato do Mato project is approximately 370 million barrels. 

The consortium expects the Gato do Mato field to come into operation in 2029.