Shell to tap new Gulf of Mexico oil
Shell to tap new Gulf of Mexico oil
HOUSTON, July 1 (UPI) — Royal Dutch Shell said Wednesday it made a final investment decision to open up new oil developments in the deep waters of the U.S. Gulf of Mexico.
Shell said it was moving forward with a decision to build what it says will be the largest floating platform in the Gulf of Mexico in order to tap into the deepwater Appomattox prospect. Average production is expected to be about 175,000 barrels of oil equivalent per day.
“Appomattox opens up more production growth for us in the Gulf of Mexico, where our production last year averaged about 225,000 boe per day, and this development will be profitable for decades to come,” Upstream Director Marvin Odum said in a statement. “With its competitive cost and design, Appomattox is next in our series of deep-water successes.”
The TRUTH will set you FREE.
No comments:
Post a Comment