Shell Delays Investment Decision on Gato do Mato

Journal of Petroleum Technology 

Shell has informed its vendors that it expects its final investment decision on the Gato do Mato pre-salt field development offshore Brazil will not be made within the next 12 to 24 months. Just a few weeks ago, BW Offshore received a 3-month extension on its limited notice to proceed (LNTP) related to the field's floating production, storage, and offloading (FPSO) vessel. The extension was valid until 15 February 2023. BW Offshore now expects to receive formal notification terminating the LNTP in due course. The contractor will be reimbursed for costs incurred in line with the agreed terms of the LNTP.

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