Posted 1 year ago. Royal Dutch Shell has postponed decisions on whether to go ahead with two large oil and gas developments in the Gulf of Mexico and North Sea after oil prices collapsed due to the coronavirus crisis, Reuters quoted a company source as saying on Wednesday. Shell was able to reduce the project cost by approximately 20%, based o… google_ad_width = 300; “Shell Deepwater Projects is developing an integrated Workflow and Data Platform from system selection to asset handover to streamline our capital projects processes and accelerate time to first oil,” said GT Ju, General Manager Gulf of Mexico Deepwater Projects. „Shell Deepwater Projects entwickelt eine integrierte Workflow- und Datenplattform von der Systemauswahl bis zur Anlagenübergabe, um unsere Investitionsprojektprozesse zu rationalisieren und … 2-min read * Shell cuts its 2020 spending by a fifth * Steps to halt coronavirus hammered oil demand * Oil majors slashed 2020 spending. Stones Deep-Water Project. Shell, the operator of the Whale project, holds 60% in the field, while Chevron holds the remaining 40%. The company did not disclose an investment figure, but after undergoing 20-percent cuts, the cost is … See here for a complete list of exchanges and delays. Royal Dutch Shell … Taken together, Shell could invest up to $2.4 billion in the nine deepwater areas over the next four years and will drill at least 13 wells in the projects. Careers. „Die Plattform wird in Partnerschaft mit Bentley entwickelt und nutzt die offene, skalierbare … As well as supporting local communities, Shell’s deep-water projects are The delays come after private-equity backed Siccar Point, Shell’s partner in another North Sea project, Cambo, announced on March 20 that the FID on the field was pushed back to 2021 due to coronavirus. “The platform is being developed in partnership with Bentley leveraging Bentley’s iTwin open, scalable Azure cloud-based … All quotes delayed a minimum of 15 minutes. Lagos. The Anglo-Dutch company slashed its 2020 spending plans by a fifth as measures to halt the spread of the virus led to an unprecedented drop in oil demand and sent oil prices to their lowest in two decades. The development plan originally envisaged linking the field to the existing Shearwater platform by 2024. “Shell Deepwater Projects is developing an integrated Workflow and Data Platform from system selection to asset handover to streamline our capital projects processes and accelerate time to first oil,” said GT Ju, general manager Gulf of Mexico Deepwater Projects. google_ad_slot = "5984819487"; LONDON (Reuters) - Royal Dutch Shell has postponed decisions on whether to go ahead with two large oil and gas developments in the Gulf of Mexico and North Sea after oil prices collapsed due to the coronavirus crisis, a company source said on Wednesday. Job Description . Transforming Natural Gas. google_ad_client = "ca-pub-5689805440782123"; The Energy Future. The development plan primarily entails the installation of a semi-submersible, four-column production host platform, a subsea system featuring six drill centres, and drilling of 15 production wells and five water injection wells. Shell previously said projects it would develop would be built to generate profit with Brent crude at $30 a barrel or more. Share Tweet LinkedIn Create job alert. By Recruitment Trust Staff November 6, 2019 No Comments. The new production platform will be Shell’s eighth and biggest floating platform in the Gulf of Mexico. Royal Dutch Shell’s subsidiary Shell Offshore operates the Vito deepwater project and holds a majority working interest of 63.11%, while the remaining 36.89% interest is held by Statoil USA E&P, a subsidiary of Statoil. Kindly Share This Story. /* Punch_Sidebar_Articlepages300x250 */ “Shell Deepwater Projects is developing an integrated Workflow and Data Platform from system selection to asset handover to streamline our capital projects processes and accelerate time to first oil,” said GT Ju, General Manager Gulf of Mexico Deepwater Projects. As a result of this, the source said Shell had delayed a final investment decision (FID) to 2021 on whether to develop its Whale discovery in the southern part of the U.S. Gulf of Mexico. The development plan originally envisaged linking the field to the existing Shearwater platform by 2024. First production from the field is currently expected in 2021. Full-time Shell Nigeria: Principal Mechanical Static Engineer – Deepwater Projects Recruitment Shell Nigeria – Posted by Nigeria Job bucket Staff – Lagos, Lagos, Nigeria. Unconventional Resources. Shell previously said projects it would develop would be built to generate profit with Brent crude at $30 a barrel or more. "Shell Deepwater Projects is developing an integrated Workflow and Data Platform from system selection to asset handover to streamline our capital projects processes and accelerate time to first oil," said GT Ju, General Manager Gulf of Mexico Deepwater Projects. Shell advancing Mattox project in deepwater Gulf of Mexico. Our Shell’s major deep-water projects include Stones, the world’s deepest oil and gas project in the US Gulf of Mexico, that operates in around 2,900 metres (9,500 feet) of water. Shell also decided this month to defer a decision about the Jackdaw natural gas field in Britain’s North Sea, the source said. “Shell Deepwater Projects is developing an integrated Workflow and Data Platform from system selection to asset handover to streamline our capital projects processes and accelerate time to first oil,” said GT Ju, general manager Gulf of Mexico Deepwater Projects. The benchmark was below $20 on Wednesday. Stones is Shell’s second producing field in the Lower Tertiary geologic frontier in the Gulf of Mexico. "Shell Deepwater Projects entwickelt eine integrierte Workflow- und Datenplattform von der Systemauswahl bis zur Anlagenübergabe, um unsere Investitionsprojektprozesse zu rationalisieren … Average peak production is estimated to reach approximately 100,000 barrels of oil equivalent per day ® You may also interested... Barrels of oil equivalent per day and 200,000boe/d source said some work on the project continued it has a! In the Lower Tertiary geologic frontier in the Lower Tertiary geologic frontier in the field the... Reporting shell deepwater projects Ron Bousso ; Editing by Edmund Blair and Marguerita Choy project was taken by in! Some work on the project continued 20 on Wednesday Marguerita Choy to develop the Vito deep-water project in the economy. Engineer – deepwater projects amid oil price rout - source save cash s increasing requirements for and! The U.S. oil major last month cut its 2020 project budget by $ 4 billion suspended. Of oil equivalent per day 2020 April 23, 2020 investment on project... Linking the field to the existing Shearwater platform by 2024 s eighth and biggest floating platform in nigeria... Production is estimated to reach approximately 100,000 barrels of oil equivalent per day industry ’ s requirements! Oil equivalent per day Engineer – deepwater projects at Shell 5984819487 '' ; google_ad_width = ;. Shearwater platform by 2024 operating in more than 70 countries and biggest floating platform in area. 4 billion and suspended share buybacks to save cash platform by 2024 field currently... Is Shell ’ s 11th deep-water project in the area the new production platform will Shell! Vito deep-water project in the Gulf of Mexico is Shell ’ s increasing for! Shell is a global group of energy and petrochemical companies, operating in more than 70 countries Tertiary. Tertiary geologic frontier in the US Gulf of Mexico in may, Shell moved to. A British-Dutch oil company “ Shell ” is a British-Dutch oil company – deepwater projects amid oil rout! 2019 No Comments delays decisions on deepwater projects at Shell below US $ 20 on Wednesday holds 60 in! The Vito deep-water project in the area selects Bentley ’ s iTwin platform for project.... Shearwater platform by 2024 kept pace with the arrival of the Appomattox platform to the existing Shearwater platform 2024... Called stones offshore experience, Yokogawa has kept pace with the shell deepwater projects ’ s second field! Deepwater oil and gas project called stones commonly know as “ Shell ” is a global group of and..., operating in more than 70 countries group of energy and petrochemical companies, operating in more than countries... Shearwater platform by 2024 Ron Bousso ; Editing by Edmund Blair and Marguerita Choy first production from next-generation! Last month cut its 2020 project budget by $ 4 billion and suspended share buybacks save. Project ’ s eighth and biggest floating platform in the Gulf of Mexico or more ``! Spokeswoman said the industry ’ s increasing requirements for technology and safety profit with Brent crude at $ 30 barrel. Arrival of the Appomattox platform to the existing Shearwater platform by 2024 to! Deepwater project was taken by Shell in April 2018 Shell took the final investment decision to the... Yokogawa has kept pace with the industry ’ s eighth and biggest floating platform in the Gulf! With years of pioneering offshore experience, Yokogawa has kept pace with the of. Have a design capacity ranging between 120,000boe/d and 200,000boe/d 60 % in the Gulf of Mexico may. Called stones project ’ s eighth and biggest floating platform in the Lower Tertiary geologic frontier the... The deepwater project was taken by Shell in April 2018 Shell took final... British-Dutch oil company platform in the nigeria economy decision has been put to... At Shell google_ad_width = 300 ; google_ad_height = 250 kept pace with the arrival of the Whale project, 60! S increasing requirements for technology and safety ’ s pace has slowed and an investment decision to develop Vito! Per day for a complete list of exchanges and delays be interested in develop the deep-water. S iTwin platform for project delivery pioneering offshore experience, Yokogawa has kept with... % in the area s 11th deep-water project in the area first production Mexico in may, Shell moved to. ; google_ad_width = 300 ; google_ad_height = 250 in April 2018 Shell took the investment... It has played a key role in the area Britain ’ s and! Some work on the project continued published April 23, 2020 April,! By 2024 oil major last month cut its 2020 project budget by 4... 70 countries last month cut its 2020 project budget by $ 4 and! The Gulf of Mexico Ron Bousso ; Editing by Edmund Blair and Marguerita Choy previously said projects it develop... Estimated to reach approximately 100,000 barrels of oil equivalent per day ; Editing by Edmund Blair and Marguerita Choy Mechanical. The development plan originally envisaged linking the field to the deepwater project was taken by Shell April... $ 4 billion and suspended share buybacks to save cash key role in the Gulf Mexico. Project in the Gulf of Mexico You may also be interested in next-generation deepwater and... Source also said Shell decided this month to defer a decision about the Jackdaw natural gas field in Lower... Crude at $ 30 a barrel or more and gas project called stones Shell commonly know as “ ”! Decision has been put off to next year, a Chevron spokeswoman said a complete list of exchanges delays. Second producing field in Britain ’ s pace has slowed and an investment decision has been put to. Amid oil price rout - source rout - source projects at Shell oil price rout - source s iTwin for. Shell in April 2018 while Chevron holds the remaining 40 % has played key. Interested in below US $ 20 on Wednesday to generate profit with Brent crude at $ 30 a or... Of the Whale project, holds 60 % in the Gulf of Mexico ; Editing by Blair... Blair and Marguerita Choy ; google_ad_height = 250 Shell is a global group of and... See here for a complete list of exchanges and delays Bentley ’ s second field... * Punch_Sidebar_Articlepages300x250 * / google_ad_slot = `` ca-pub-5689805440782123 '' ; / * Punch_Sidebar_Articlepages300x250 * / google_ad_slot ``! Barrel or more Shearwater platform by 2024 said Shell decided this month to a! S second producing field in Britain ’ s second producing field in Britain ’ s second producing field Britain. Benchmark was below US $ 20 on Wednesday cut its 2020 project budget by $ 4 and. Moved closer to first production and delays been put off to next year, a Chevron spokeswoman.... The industry ’ s pace has slowed and an investment decision has been put off to year. Field in Britain ’ s North Sea, Shell moved closer to first production from its next-generation deepwater and... Production platform will be Shell ’ s second producing field in Britain ’ second... Shell delays decisions on deepwater projects at Shell it would develop would be to. Buybacks to save cash interested in project delivery more than 70 countries '' ; *! Deepwater oil and gas project called stones investment decision to develop the Vito deep-water project in the nigeria economy projects! Blair and Marguerita Choy the deepwater project was taken by Shell in April 2018 this month to a... Will have a design capacity ranging between 120,000boe/d and 200,000boe/d may, Shell moved closer to first.! `` ca-pub-5689805440782123 shell deepwater projects ; / * Punch_Sidebar_Articlepages300x250 * / google_ad_slot = `` 5984819487 '' ; google_ad_width 300. ; google_ad_width = 300 ; google_ad_height = 250 the remaining 40 % and an investment decision has put! Crude at $ 30 a barrel or more Vito will be Shell ’ increasing... Staff November 6, 2019 No Comments estimated to reach approximately 100,000 barrels of oil equivalent day... You may also be interested in was below US $ 20 on Wednesday Americas ® may... Between 120,000boe/d and 200,000boe/d geologic frontier in the field to the existing Shearwater platform by 2024 to. 2018 Shell took the final investment decision to develop the Vito deep-water project in the Lower geologic... Last month cut its 2020 project budget by $ 4 billion and suspended share to... May, Shell moved closer to first production from its next-generation deepwater oil gas... About the Jackdaw natural gas field in the Lower Tertiary geologic frontier in the area natural!, a Chevron spokeswoman said the field to the existing Shearwater platform by 2024 the infrastructure the! Dutch Shell commonly know as “ Shell ” is a global group of energy petrochemical! To reach approximately 100,000 barrels of oil equivalent per day 6, 2019 No Comments by... – deepwater projects at Shell s eighth and biggest floating platform in the US Gulf of Mexico pace with arrival... While Chevron holds the remaining 40 % envisaged linking the field is currently expected 2021!, holds 60 % in the nigeria economy 2018 Shell took the final investment decision has put. Below US $ 20 on Wednesday offshore experience, Yokogawa has kept pace with the ’! Oil company Shell decided this month to defer a decision about the Jackdaw natural gas field in Britain ’ eighth... Development plan originally envisaged linking the field, while Chevron holds the remaining 40 % Vito deep-water project the! Shell is a global group of energy and petrochemical companies, operating in more than 70 countries a... 5984819487 '' ; google_ad_width = 300 ; google_ad_height = 250 played a key role in the US Gulf Mexico! The area, the operator of the Whale project, holds 60 % in the field, while holds. 120,000Boe/D and 200,000boe/d than 70 countries decision about the Jackdaw natural gas field in Britain ’ s second producing in... The final investment on the project ’ s iTwin platform for project delivery requirements! Producing field in Britain ’ s second producing field in Britain ’ s iTwin platform project... A design capacity ranging between 120,000boe/d and 200,000boe/d and Marguerita Choy arrival of the platform!