Shell has awarded two separate contracts to TechnipFMC and MODEC pertaining to its Gato do Mato gas-condensate project located in Brazil’s Santos Basin.
The contracts follow the recently taken final investment decision (FID) on the deep-water development by Shell through its subsidiary Shell Brasil Petróleo.
TechnipFMC has been entrusted with an integrated engineering, procurement, construction, and installation (iEPCI) contract valued at over $1bn for the Gato do Mato project. This deal will be recorded in the company’s inbound orders in early 2025.
The project will implement TechnipFMC’s Subsea 2.0 configure-to-order subsea production systems, aiming to optimise project management and speed up oil output.
TechnipFMC subsea president Jonathan Landes said: “Throughout our 30-year partnership with Shell, we have built an overwhelmingly strong record of delivery. Our success in integrating and industrialising innovative solutions gives us the utmost confidence in providing the schedule certainty Shell requires for this flagship project offshore Brazil.”
On the other side, MODEC has finalised a purchase and sales agreement with Shell for a floating production storage and offloading (FPSO) system. This includes a 20-year commitment for operations and maintenance subsequent to completing the front-end engineering design (FEED).
The FPSO Gato do Mato is engineered to produce up to 120,000 barrels of oil daily, along with associated gas and water, at a location approximately 2,000m deep and 200km south of Rio de Janeiro. It will utilise a custom-built Next Generation Hull designed for 25 years of operation.
According to MODEC, this FPSO represents the 19th unit developed by the firm specifically for Brazil and marks the second direct delivery to Shell for Brazilian operations.
MODEC is tasked with designing both the hull and topsides facilities, with a SOFEC Spread Mooring system handling mooring operations. Stabilised crude oil will be stored on the FPSO before being transferred to shuttle tankers for market distribution.
Shell’s FID authorises the company and its partners to proceed with production plans. The consortium comprises Shell with a 50% stake, Ecopetrol holding 30%, and TotalEnergies owning 20%.
Production at the Gato do Mato development is projected to start in 2029.
