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

 QRCode for link to Shell Moves Forward on Development at Stones story
 

Energy

India Bids to Reassert Influence in Nepal with Power Pact

India is set to offer Nepal a landmark pact to help develop its huge hydro-electric power potential as the South Asian giant takes another step to re-assert influence among

Petrobras Cleared of Wrongdoing in Refinery Deal

Dilma Rousseff official portrait

Brazil's top public prosecutor cleared board members of state-run oil company Petroleo Brasileiro

Statoil, Repsol, ExxonMobil Win Colombian Offshore License

Image: Statoil

Statoil announced today that it has been awarded interest in the COL4 license offshore Colombia in

Offshore Energy

Statoil, Repsol, ExxonMobil Win Colombian Offshore License

Statoil announced today that it has been awarded interest in the COL4 license offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round

Oil Companies Bidding for Blocks in Colombia

Oil companies were bidding on Wednesday for 95 oil areas Colombia is offering for exploration and production in an effort to raise output from around 1 million barrels per day

MAC Hires Fuhrmann, Targets US Growth

Chad Fuhrmann

Scottish marine specialist Maritime Assurance & Consulting (MAC) said it has taken the next