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Released December 21, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Shell plc (NYSE:SHEL) (London, England) this week announced the final investment decision (FID) on the Sparta deepwater oil and gas field development in the Gulf of Mexico, about 170 miles off the Louisiana coast.
Shell has a 51% stake in the project as owner and operator and Equinor (NYSE:EQNR) (Stavanger, Norway) owns the remaining 49%.
According to a related press release, Sparta is expected to reach a peak production of approximately 90,000 barrels of oil equivalent per day (boe/d) and currently has an estimated, discovered recoverable resource volume of 244 million barrels of oil equivalent. Production is currently scheduled to begin in 2028.
Industrial Info is tracking four projects related to the Sparta development, which features a semi-submersible floating production unit (FPU). The projects, which have a proposed total investment value of $2 billion, are tentatively expected to kick off in June. They include: constructing and installing a semi-submersible platform with 10,000-ton topsides for heavy production, drilling and accommodation; a drilling campaign that entails constructing and drilling an initial eight oil and gas production wells; constructing a hull to support the topsides; and the installation of subsea infrastructure. Subscribers to Industrial Info's Oil & Gas Production Project Database can click here for the related project reports.
Sparta will be Shell's 15th deepwater platform in the Gulf of Mexico and will closely replicate two others: Vito and Whale, both of which will yield 100,000 boe/d also via semi-submersible platforms. Sparta replicates about 95% of Vito's hull and 85% of Whale's topsides.
Sparta also will be the first of Shell's replicable projects to have all-electric topside compression equipment, significantly reducing greenhouse gas intensity and emissions from operations.
"Shell's latest deep-water development demonstrates the power of replication, driving greater value from our advantaged positions," said Zoë Yujnovich, Shell's Integrated Gas & Upstream Director, in the press release.
Production at the Vito development began in February, and Industrial Info is tracking 2023 and 2024 drilling programs, both of which entail drilling an additional two wells to maintain production rates. Subscribers can read more about the completed production platform project as well as the 2023 and 2024 drilling programs.
The Whale FPU is scheduled to come online in 2024, and Industrial Info is tracking the construction of the FPU, subsea infrastructure, infield and outfield pipelines, as well as a drilling program aimed at adding and drilling 2-4 production wells. Click here for the related project reports.
Earlier this year, Industrial Info reported the potential for 2 million barrels per day of production output in the Gulf of Mexico in 2024. For more information, see June 28, 2023, article - Industrial Info Sees Potential for 2 Million BBL/d of Low-Carbon Barrels in Gulf of Mexico.
Subscribers to Industrial Info's GMI Database can click here for a full list of detailed reports for projects mentioned in this article and click here for a full list of profiles on the Sparta, Vito and Whale floating production units.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Shell has a 51% stake in the project as owner and operator and Equinor (NYSE:EQNR) (Stavanger, Norway) owns the remaining 49%.
According to a related press release, Sparta is expected to reach a peak production of approximately 90,000 barrels of oil equivalent per day (boe/d) and currently has an estimated, discovered recoverable resource volume of 244 million barrels of oil equivalent. Production is currently scheduled to begin in 2028.
Industrial Info is tracking four projects related to the Sparta development, which features a semi-submersible floating production unit (FPU). The projects, which have a proposed total investment value of $2 billion, are tentatively expected to kick off in June. They include: constructing and installing a semi-submersible platform with 10,000-ton topsides for heavy production, drilling and accommodation; a drilling campaign that entails constructing and drilling an initial eight oil and gas production wells; constructing a hull to support the topsides; and the installation of subsea infrastructure. Subscribers to Industrial Info's Oil & Gas Production Project Database can click here for the related project reports.
Sparta will be Shell's 15th deepwater platform in the Gulf of Mexico and will closely replicate two others: Vito and Whale, both of which will yield 100,000 boe/d also via semi-submersible platforms. Sparta replicates about 95% of Vito's hull and 85% of Whale's topsides.
Sparta also will be the first of Shell's replicable projects to have all-electric topside compression equipment, significantly reducing greenhouse gas intensity and emissions from operations.
"Shell's latest deep-water development demonstrates the power of replication, driving greater value from our advantaged positions," said Zoë Yujnovich, Shell's Integrated Gas & Upstream Director, in the press release.
Production at the Vito development began in February, and Industrial Info is tracking 2023 and 2024 drilling programs, both of which entail drilling an additional two wells to maintain production rates. Subscribers can read more about the completed production platform project as well as the 2023 and 2024 drilling programs.
The Whale FPU is scheduled to come online in 2024, and Industrial Info is tracking the construction of the FPU, subsea infrastructure, infield and outfield pipelines, as well as a drilling program aimed at adding and drilling 2-4 production wells. Click here for the related project reports.
Earlier this year, Industrial Info reported the potential for 2 million barrels per day of production output in the Gulf of Mexico in 2024. For more information, see June 28, 2023, article - Industrial Info Sees Potential for 2 Million BBL/d of Low-Carbon Barrels in Gulf of Mexico.
Subscribers to Industrial Info's GMI Database can click here for a full list of detailed reports for projects mentioned in this article and click here for a full list of profiles on the Sparta, Vito and Whale floating production units.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
