(CercleFinance.com) – Shell announced on Tuesday that it had approved the final investment decision concerning its ‘Sparta’ project, a deepwater block located in the Gulf of Mexico.
The oil group – which will be the operator of the well with a 51% stake alongside the Norwegian Equinor (49%) – specifies that the commissioning of the platform is planned for 2028.
In a statement, Shell explains that the project is the perfect illustration of its current strategy, which consists of a simplified approach aimed at duplicating its recent successes.
In this case, Sparta’s design was limited to imitating the recent projects of Vito and Whale, both of which aim for daily production of 100,000 barrels.
With reserves estimated at around 244 million barrels, Sparta should reach 90,000 barrels of oil equivalent per day.
This is Shell’s 15th deepwater well in the Gulf of Mexico, where the Anglo-Dutch group is today the leading operator.
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