Anglo-Dutch supermajor Shell plans to drill its first exploration well in the South of Gato do Mato pre-salt area in the Santos basin off Brazil in 2019.
Shell, in partnership with France’s Total, acquired the South of Gato do Mato acreage last month in Brazil’s second pre-salt round, offering a profit oil share of 11.53%.
The area is adjacent to the Gato do Mato discovery in Block BM-S-54, which is also operated by Shell.
