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Stock impact report

Shell Invests in Gato do Mato to Drive Brazil's Pre-Salt Growth [Yahoo! Finance]

Archrock, Inc. (AROC) 
Last archrock, inc. earnings: 2/19 07:16 pm Check Earnings Report
US:NYSE Investor Relations: archrock.com/aroc
Company Research Source: Yahoo! Finance
by approving the Final Investment Decision (“FID”) for the Gato do Mato project. This deep-water venture, located in the pre-salt layer of the Santos Basin off the coast of Brazil, represents a breakthrough for both SHEL and the global energy market. The project is poised to significantly contribute to Brazil's oil and gas industry, strengthening SHEL's position as the largest foreign producer in the country. The Gato do Mato project is part of an ambitious effort to unlock the vast potential of Brazil's pre-salt oil reserves. Situated in the Santos Basin, the project involves the development of two contiguous blocks, BM-S-54 and Sul de Gato do Mato. BM-S-54, acquired in 2005, and Sul de Gato do Mato, obtained under a production-sharing agreement in 2017, will Read more
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