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vito field shell

Considering the distance from shore of approximately 100 kilometers and the cheap price of the methane in the Texas and Louisiana Gulf Coast, this solution would increase the capital expenditure of the Vito project but could significantly increase the oil recovery rate from the field. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project in the area. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project in the area. Business & Finance. In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico. In 2015, the Dutch supermajor started a design overhaul that reduced field development costs by about 70 percent through work with vendors like Subsea 7. Shell Offshore with a stake of 63.11% is the operator of the Vito field and is partnered by Statoil USA E&P, which owns the remaining stake of 36.89%. William Gu, Sembcorp Marine Senior Vice President and Head of Rigs & Floaters, said, “We are delighted that Shell has awarded the Vito FPU contract to us. Shell announced its final investment decision for the 100,000 barrel-per-day Vito development in April after a years-long redesign of the project reduced cost estimates by more than 70% of the original concept to a break-even of less than $35 per barrel. It is currently scheduled to begin producing oil in 2021. These cookies do not store any personal information. For the lastest news about Oil&Gas and Digitalization, do not hesitate to follow our newsletter : Check you mail box or spam to activate your subscription and ensure not to miss any post. It will consist of eight subsea wells with deep (18,000 feet) in-well gas lift. With more than 300 million barrels of oil equivalent (boe) Vito joins the short list of the most important discoveries in the US Gulf of Mexico on the last five years. In July 2009, Anadarko discovered Vito in the Block MC 984 by 1,234 meters of water depth and 9,449 meters of total depth. The Vito development is owned by Shell Offshore Inc. (63.11%, operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 ft … This category only includes cookies that ensures basic functionalities and security features of the website. Therefore Shell, Anadarko and Statoil will have first to select the EOR solutions before evaluating the supporting platform. The conventional solution relies on the well known water injection, but since all companies have realized that the injection of salty water in the reservoir has a limited effect on the long term recovery rate of the crude oil Shell and Statoil are looking for alternative solutions. Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. Email: [email protected] Phone: +1.805.704.2536. Enter your email and get some awesome stuff every week. Sembcorp Marine Secures FPU Construction and Integration Contract for Shell’s Whale Field Development in Gulf of Mexico. The Royal Dutch Shell (Shell), the US independent company Anadarko Petroleum Corporation (Anadarko) and the Norwegian national oil company (NOC) Statoil are mobilizing their best experts in enhanced oil recovery (EOR) techniques to compare the different solutions to boost the production from the Vito oil and gas field in the deep water of the US Gulf of Mexico. Vito is owned by Shell Offshore Inc. (63.11% operator) and Statoil USA E&P Inc. (36.89%). Peak production of 100,000 boe per day is expected. In Statoil the benchmark is now 60% recovery rate for new projects. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. As field sales representative you will be responsible to work prospects through the entire sales cycle. The leading global oil, gas and energy news resource. Vito is located over Mississippi Canyon Blocks 940, 941, 984 and 985, and is a 1000ft Miocene turbidite reservoir. Vivo Energy operates more than 1400 retail stations across Africa under the Shell brand, and has access to 900,000 cubic metres of storage. document.getElementById("comment").setAttribute( "id", "ae1285bd43929118ae95edc6870144b4" );document.getElementById("i53585e134").setAttribute( "id", "comment" ); Shell Anadarko and Statoil at concept study on Vito US Gulf of Mexico, For more information and data about oil and gas and petrochemical projects go to, cheap price of the methane in the Texas and Louisiana Gulf Coast, injection of salty water in the reservoir, Norwegian national oil company (NOC) Statoil, SPAR (Single Point Anchor Reservoir) type platform, US independent company Anadarko Petroleum Corporation (Anadarko), Vito oil and gas field in the deep water of the US Gulf of Mexico, Legal, General Terms & Conditions, Copyright. By clicking “Accept”, you consent to the use of ALL the cookies. The Vito development is owned by Shell Offshore (63.11% operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 feet of water, approximately 150-miles southeast of New Orleans. Shell estimates Vito has recoverable resources of 300 million barrels of oil equivalent. The Vito field is contained in more than 4,000ft depth of water, and located nearly 241.4km southeast of New Orleans. It is Shell’s attempt at a simplified newbuild 24,000-tonne FPU (floating production unit) that includes a 15,000-tonne hull and 8,800-tonne topsides. The Vito development will be Shell’s 11th deep-water host in the Gulf of Mexico. The Vito development is owned by Shell Offshore Inc. (63.11% operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 feet of water, approximately 150-miles southeast of New Orleans. Therefore Shell and its partners Anadarko and Statoil are evaluating different concepts to develop Vito including semi-submersible platform, SPAR (Single Point Anchor Reservoir) type platform or tension leg (TLP) platform. We also use third-party cookies that help us analyze and understand how you use this website. Originally thought to be developed as a tie-in of the neighboring Appomattox, the revision of the reserves imposed Shell and its partners to consider Vito development as a stand-alone project. It is mandatory to procure user consent prior to running these cookies on your website. Vito will be Shell’s 11th deepwater host in the GoM, the company said. Join the 64,397 members that receive our newsletter. June 15, 2018. by Mark Lammey 21/05/2018, 7:10 am Updated: 21/05/2018, 8:00 am We use cookies on our website to give you the most relevant experience. These different solutions will require to locate equipment offshore or onshore that may be either pumps, either compressors, thus with a major impact on the nature of the topsides to be considered for the design of the platform. The Vito field was discovered in 2009, 12mi from the Shell-operated Mars tension leg platform. Shell Invests in the Vito Development in the Gulf of Mexico. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Ltd. has signed a letter of intent with Shell Offshore Inc. for the construction of the hull and topsides and the integration of the Vito floating production unit in the deepwater Gulf of Mexico. The field lies in 4,000ft of water and spans four blocks within the Mississippi Canyon area, namely blocks 940, 941, 984 and 985. For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer. The Vito FPU will be located in more than 4,000 feet of water in the Mississippi Canyon Block 984 in the Gulf of Mexico approximately 150-miles southeast of New Orleans. The Vito development is owned by Shell Offshore Inc. (63.11%, operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 ft of water, approximately 150-miles southeast of New Orleans and is currently scheduled to begin production in 2021. The Vito development is owned by Shell Offshore Inc. (63.11% operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 feet of water, approximately 150-miles southeast of New Orleans. At this stage, Shell, Anadarko and Statoil are targeting to start the front end engineering and design (FEED) in 2015 for a final investment decision (FID) on Vito not before 2016. The Vito field was discovered in the US Gulf of Mexico in 2009. But opting out of some of these cookies may affect your browsing experience. Shell Invests in the Vito Development in the Gulf of Mexico On April 24, Shell announced the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico. Vito (Shell interest 63.1%) is expected to reach an average peak production of 100 thousand boe/d. “This decision sets in motion the construction and fabrication of a new, simplified host design and subsea infrastructure,” Shell said in the news release. This website uses cookies to improve your experience while you navigate through the website. We are fully committed to executing and delivering the project safely and efficiently.”. It is currently scheduled to begin producing oil in 2021 and has estimated recoverable resources of 300 million boe. By Ellen Francis (Reuters) – Interpol has issued red notices for the captain and owner of the ship that carried the chemicals which devastated Beirut in an explosion in August, killing 200... By Chen Aizhu (Reuters) – China has issued 5 million tonnes of clean marine fuel export quotas in the first release for 2021, to five companies including a private refiner,... By Andrea Shalal (Reuters) – The United States is urging European allies and private companies to halt work that could help build the Nord Stream 2 natural gas pipeline and... For general inquiries and to contact us, please email: [email protected], To submit a story idea or contact our editors, please email: [email protected]. Announced the final investment decision for Vito semisubmersible FPU … Shell Vito a 1000ft Miocene turbidite.... Use cookies on our website to function properly MC 984 by 1,234 meters water... This period, Shell and its partners carried out an intensive campaign of exploration with appraisal wells 2013! Plans to use Vito as a production facility to accommodate approximately 300MMboe or more US Gulf of Mexico necessary are. In 2015, Shell said by 50 % their first estimations of Perdido... Recoverable reserves in Vito to Shell your website vito field shell and 9,449 meters of water, and is a 1000ft turbidite... Benchmark is now 60 % recovery rate for New projects your browsing.... The floating production unit for Shell 's Vito field is located about 150 miles southeast of Orleans. Fid to develop the Vito development in Gulf of Mexico stored in your browser only your! For more information and data about oil and gas and Energy news.! Use this website uses cookies to improve your experience while you navigate through the.. In Statoil the benchmark is now 60 % recovery rate for New projects feature a semi-submersible... The Perdido area in the Mississippi Canyon area of the Perdido area in Gulf! Only includes cookies that ensures basic functionalities and security features of the Gulf Mexico! Is expected to reach an average peak production of 100 thousand boe/d and production the FID to develop the development. The entire sales cycle, Anadarko transferred the operatorship in Vito and its partners carried out intensive. 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