Shell Invests in Gato do Mato to Drive Brazil's Pre-Salt Growth

Shell plc’s (SHEL) subsidiary, Shell Brasil Petróleo Ltda. (Shell Brasil), has taken an important step in the development of Brazil's energy resources by approving the Final Investment Decision (“FID”) for the Gato do Mato project. This deep-water venture, located in the pre-salt layer of the Santos Basin off the coast of Brazil, represents a breakthrough for both SHEL and the global energy market. The project is poised to significantly contribute to Brazil’s oil and gas industry, strengthening SHEL’s posit ...