Shell Readies for Secondary Oil Recovery at Vito Prospect

August 19, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Shell plc (NYSE:SHEL) (London, England) recently made a final investment decision (FID) on a technique it said could help extract more oil from its Vito project in the U.S. territorial waters of the Gulf of Mexico. Shell Offshore Incorporated is the operator at Vito, alongside Norwegian energy company Equinor (NYSE:EQNR) (Stavanger, Norway) with its 36.89% stake in the project. First oil was achieved in February 2023.