Shell makes decision on Gato do Mato between March and April, says president in Brazil

Shell Brasil expects to make a final investment decision on the Gato do Mato project, in the Santos Basin, between March and April, the company’s president in the country, Cristiano Pinto da Costa, said this Tuesday.

“I’m working on a scenario where we will make an affirmative decision,” said Costa, at a breakfast with journalists at the company’s building in Rio de Janeiro.

The area is operated by Shell, with a 50% stake and whose partners are Ecopetrol (30%) and TotalEnergies (20%).