BW Offshore says no FID on Gato do Mato anytime soon
Nov. 21, 2022
BW Offshore has been advised by Shell Brasil Petróleo Ltda that FID on the Gato do Mato field development offshore Brazil will not be made within the next 12 to 24 months.
SINGAPORE —BW Offshore has been advised by Shell Brasil Petróleo Ltda that final investment decision (FID) on the Gato do Mato oil and gas field development offshore Brazil will not be made within the next 12 to 24 months.
The company expects to receive formal notification terminating the limited notice to proceed (LNTP) in due course. BW Offshore will be reimbursed for costs incurred in line with the agreed terms of the LNTP.
