MINAS E ENERGIA AUTHORIZES THE SALE OF 30% OF SOUTH OF GATO DO MATO TO ECOPETROL

FEB 27, 2020

News of the consortium that is exploring the southern block of Gato do Mato. The Ministry of Mines and Energy published this Thursday (27), in the Official Gazette, its endorsement for the sale, by Shell, of 30% of the area to the Colombian Ecopetrol. The transaction was announced in October last year.

Thus, the new composition of the consortium: Shell will have a 50% stake and the operation of the asset, Ecopetrol will have 30% and the French company Total will close the group with the remaining 20%. The block was purchased during the 2nd Sharing Round, held in October 2017.

As a reminder, Shell already has an exploratory campaign in the region and has even notified the National Petroleum Agency about the discovery of hydrocarbons in the area, in a 2,067 meter water depth, in well 3-SHEL-30-RJS.

Source: PetroNoticias

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