Shell Gives Go-Ahead for Gulf of Mexico Oil Platform
By Christian Moess Laursen
Shell has given the go-ahead for a deep-water oil-and-gas platform in the Gulf of Mexico.
The project, named Sparta, is expected to reach peak production of around 90,000 barrels of oil-equivalent a day, while it currently has an estimated, discovered recoverable resource volume of 244 million BOE.
Production it scheduled to start in 2028, the London-based energy company said late Tuesday.
The development is 51% owned by subsidiary Shell Offshore and 49% owned by Norwegian peer Equinor, and will be Shell's 15th deep-water project in the Gulf.
The investment cost wasn't disclosed.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
December 20, 2023 02:14 ET (07:14 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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