¡Que Onda Magazine!

Houston's oldest bilingual publication

Shell Invests in the Whale Development in the Gulf of Mexico

“Whale is the latest demonstration of our focus on simplification, replication, and capital projects with shorter cycle times to drive greater value from our advantaged positions,” said Wael Sawan, Shell Upstream Director. “We are building on more than 40 years of deep-water expertise to deliver competitive projects that yield high-margin barrels so that we are able to meet the energy demands of today while generating the cash required to help fund the development of the energy of the future.”

The whale will be the second Shell-operated deep-water development in the Gulf of Mexico to employ a simplified, cost-efficient host design. With this development approach, Shell anticipates an internal rate of return estimated to be greater than 25%. Our Whale development will feature energy-efficient gas turbines and compression systems. This development will be the latest addition to our Gulf of Mexico portfolio where our production is among the lowest greenhouse gas (GHG) intensity in the world for producing oil.

The Whale development, owned by Shell Offshore Inc. (60% operator) and Chevron U.S.A. Inc. (40%), is expected to reach peak production of approximately 100,000 barrels of oil equivalent per day (boe/d) and currently has an estimated, recoverable resource volume of 490 million boe. The whale will be Shell’s 12th deep-water host in the Gulf of Mexico and is currently scheduled to begin production in 2024.

Shell’s Powering Progress strategy to thrive through the energy transition includes increasing investment in lower-carbon energy solutions while continuing to pursue the most energy-efficient and highest-return Upstream investments.

Source: www.shell.com

Want to be in the know with
the latest Hispanic news?
Subscribe to our newsletter:

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

¡Que Onda Magazine! will use the information you provide on this form to be in touch with you and to provide updates and marketing.