Released November 05, 2019 | SUGAR LAND
en
Shell Offshore Incorporated leads all other oil majors in its production in the Gulf of Mexico by a significant margin. From more than 1,900 wells in the Gulf, Shell has produced a whopping 264.5 million barrels of oil equivalent (BOE) so far in 2019. BP trails with less than half of Shell's production, at 92.2 million BOE year-to-date.
Shell's water cut level (or the percentage volume of produced water from a well) has remained well below the Gulf's average. Shell's current water cut rate among all wells is 17%, while the average for the entire Gulf is 52%. This rate likely would shield Shell from most future price drops. Shell also owns or has interest in 11 different offshore production platforms.
Click here for a list of Shell projects in the Gulf, and see graph below for the company's water cut rates versus the Gulf.
Shell's water cut level (or the percentage volume of produced water from a well) has remained well below the Gulf's average. Shell's current water cut rate among all wells is 17%, while the average for the entire Gulf is 52%. This rate likely would shield Shell from most future price drops. Shell also owns or has interest in 11 different offshore production platforms.
Click here for a list of Shell projects in the Gulf, and see graph below for the company's water cut rates versus the Gulf.
