Ecopetrol has agreed with Shell to acquire a 30% interest in the BM-S-054 contract / S-M-518 block (366 sq km) and Sul Gato do Mato_P2 contract / S_GATO_MAT block (129 sq km), deepwater Santos Basin. The deal is pending necessary approvals. Shell will retain operatorship, Total is otherwise a 20% partner.
Shell (->50% op, Total 20%) has agreed to farm down a 30% WI in the Gato do Mato pre-salt development Block BM-S-54 to Ecopetrol.