rss icon Subscribe
desktop mobile

Shell Moves Forward on Development at Stones

SeaDiscovery.com

Royal Dutch Shell plc (Shell) announced a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. This decision sets in motion the construction and fabrication of a floating production, storage and offloading (FPSO) vessel and subsea infrastructure.

The development will start with two subsea production wells tied back to the FPSO vessel, followed later by six additional production wells. This first phase of development is expected to have annual peak production of 50,000 boe/d from more than 250 million boe of recoverable resources. The Stones field has significant upside potential and is estimated to contain over 2 billion boe of oil in place.

The Stones field is located in 9,500 feet (2,896 meters) of water, approximately 200 miles (320 kilometers) southwest of New Orleans, Louisiana, and was discovered in 2005. The project encompasses eight US Federal Outer Continental Shelf lease blocks in the Gulf of Mexico's Lower Tertiary geologic trend. Shell has been one of the pioneers in the Lower Tertiary, establishing first production in the play from its Perdido Development.

An FPSO design was selected to safely develop and produce this ultra-deepwater discovery, while addressing the relative lack of infrastructure, seabed complexity and unique reservoir properties. With an FPSO, tankers will transport oil from the Stones FPSO to US refineries, and gas will be transported by pipeline.

The launch of the Stones development is a key milestone as Shell continues to grow deepwater exploration and development in the Gulf of Mexico, having made significant progress recently on the Mars-B development project with the arrival of the Olympus tension leg platform. Shell is also in the concept selection phase for the Appomattox and Vito discoveries in the Gulf of Mexico.

Shell holds 100% interest and will operate the Stones development.

www.shell.com

May 9, 2013

 

Energy

Singapore Carbon Tax Would Hit Refiners, Help Renewables

Proposed carbon tax would deal blow to refineries; Singapore is main regional oil trading hub.   Singapore's proposed plan to tax greenhouse gas emissions would probably hit oil

Ecopetrol: Proven Reserves Plunge 14 pct in 2016

Colombian state-run oil company Ecopetrol said on Tuesday its proven oil and gas reserves fell 14 percent in 2016 to 1.60 billion barrels equivalent because of a decline in

Oil Rises as OPEC Aims for Deeper Cuts

OPEC says 90 percent of oil output cuts made in January; OECD oil inventories likely to fall this year.   Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was

Offshore Energy

McDermott Acquires New Pipelay and Construction Vessel

Photo: McDermott

McDermott International, Inc. announced it has acquired the newly built pipelay and construction

Kelvin Hughes radar for RN's River-class OPVs

A world leader in the design and manufacture of navigation and security surveillance radar, Kelvin Hughes announced in April 2015 that it had been selected to supply its SharpEye

Shell: LNG Demand Strong to 2030

LNG Demand Set to Outpace Gas Demand Growth from 2015 to 2030   Shell launches LNG Outlook Global demand for liquefied natural gas (LNG) reached 265 million tonnes (MT) in 2016 –

Maritime Apps