Shell approves multi-well project in Gulf of Mexico

Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has greenlighted another multi-well development project to enrich oil production from an asset lying in a water depth of about 2,450 meters (approximately 8,000 feet) in the U.S. Gulf of Mexico (GoM), said to represent the world’s deepest floating oil platform.

With a final investment decision (FID) for the Phase 3 Silvertip project, Shell will embark on a two-well campaign to deliver two wells designed to boost production at its operated Perdido spar within Alaminos Canyon around...

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