Shell takes over 100% of an oil field in the Gulf of Mexico

Isbel Lázaro.


Inspenet, December 21, 2023.

Shell Offshore Inc., a subsidiary of British energy company Shell , has completed the acquisition of the remaining 20% ​​in the deepwater Kaikias field in the Gulf of Mexico, United States . This field has been developed through a submarine link with the nearby production of the Ursa center.

The 20% interest, previously owned by MOEX North America LLC (MOEX), a subsidiary of Mitsui & Co., Ltd., has been acquired by Shell, increasing its total interest in the asset to 100% . Shell will continue to operate the field and an application for federal regulatory approval will be submitted to formalize the transaction.

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Rich Howe, executive vice president of deepwater at Shell, commented: “Since its discovery, the Kaikias field has been a productive investment. By increasing Shell’s employment interest in this field, we are creating options for our future as a leading producer in the US Gulf of Mexico”.

The prominent oil company notes that this investment underscores its long-term commitment to the Gulf of Mexico in the United States, where production is considered essential to ensure a reliable and secure energy supply. It is noted that production in the US Gulf of Mexico has some of the lowest greenhouse gas intensities in the world for Scope 1 and 2 emissions.

Discovered in 2014, the Kaikias field is located in the prolific Mars-Osa basin, approximately 130 miles off the coast of Louisiana. Production began in May 2018. Shell has been active in various projects not only in the United States, but also globally.

Recently, Boskalis’ largest semi-submersible heavy transport vessel carried Shell’s new floating production unit (FPU) destined for the oil company’s next project in the US Gulf of Mexico, scheduled to begin operations next year . The vessel, carrying the 25,000-tonne FPU, arrived in Ingleside, United States.

In addition, the prominent oil company announced a new gas discovery in an offshore block in Egypt’s Mediterranean Sea in November 2023. Drilling this well was carried out by Stena Drilling’s drillship, marking the start of three planned wells in Shell’s current drilling campaign.

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