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Shell commits to Brazil's Gato do Mato oil project, targeting 120,000 barrels daily by 2029.
Shell has made the final decision to invest in the Gato do Mato deepwater oil project offshore Brazil, aiming to produce up to 120,000 barrels of oil daily by 2029.
The project, led by Shell with a 50% stake, includes partners Ecopetrol and TotalEnergies, and is set to use a floating vessel for production and storage.
The consortium estimates recoverable resources of about 370 million barrels.
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Shell se compromete con el proyecto petrolero de Brasil Gato do Mato, destinado a 120.000 barriles diarios para 2029.