Shell Starts Production at Appomattox Ahead of Schedule
23 Maio 2019 - 12:30PM
Dow Jones News
By Oliver Griffin
Royal Dutch Shell PLC (RDSB.LN) on Thursday said production at
the Appomattox floating production system in the U.S. Gulf of
Mexico has started months ahead of schedule.
Appomattox, which has an expected production of 175,000 barrels
of oil equivalent a day, is the first commercial discovery to be
brought into production in the deep-water Gulf of Mexico Norphlet
formation, the Anglo-Dutch oil company said.
The platform is operated by Shell, which owns a 79% stake in
Appomattox. A subsidiary of CNOOC Ltd. (0883.HK) owns the remaining
21%.
Shell said it designs and operates its deep-water projects to be
competitive, adding that since 2014, it has reduced
unit-development and unit-operating costs by about 45%.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
May 23, 2019 11:15 ET (15:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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