Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, and MOEX North America LLC (MOEX NA), a wholly owned subsidiary of Mitsui Oil Exploration Co., Ltd, have each taken the final investment decision to execute phase one of the Kaikias deep-water project in the US Gulf of Mexico. Kaikias is an attractive near-field opportunity with a competitive go-forward break-even price below $40 per barrel. It will produce oil and gas through a subsea tie-back to the nearby Shell-operated Ursa production hub.
The project will be developed in two phases with phase one expected to start production in 2019. The first phase of development includes three wells, which are designed to produce up to 40,000 barrels of oil equivalent per day (boe/d) at peak rates.
Kaikias is located in the prolific Mars-Ursa basin approximately 210 kilometres (130 miles) from the Louisiana coast and is estimated to contain more than 100 million barrels of oil equivalent recoverable resources.
Shell is the operator and has an 80% working interest. MOEX NA owns the remaining 20% working interest.
Résumé en français
Shell Offshore et Moex North America viennent de prendre la décision finale de lancer le projet Kaikas dans le golf du Mexique.
Illustration en vidéo
Source de l’information
Site web de Shell
Article: Shell takes final investment decision for the Kaikias deep water project in the Gulf of Mexico.
Sujet et source de l’image
Sujet de l’image: Shell Polar Pioneer au Terminal 5 à Seattle.
Source de l’image : Wikimedia Commons.