Shell will increase production at the Perdido oil project in the Gulf of Mexico, USA, with investment on Tuesday. Production capacity will be expanded, including participation in the Great White field.

A Shell announced on Thursday that it approved the production expansion project in the Lost oil field, located in the Gulf of Mexico, USA, from March 2025.

The company, responsible for operating the platform, plans to implement five new wells which should reach daily production of up to 25 thousand barrels of oil equivalent (boepd) at maximum capacity. O Lost It has a production capacity of 130 boepd at its maximum production rate.

The wells will be drilled at the Silvertip unit, where Shell holds a 33,34% stake, while Chevron Corp. and BP PLC they have shares of 33,33% each.

Shell increases investment in oil project in the Gulf of Mexico

(Reuters – reporting by Sabrina Valle in Houston, Arunima Kumar in Bengaluru; Editing by Krishna Chandra Eluri and Jonathan Oatis)

Shell announced this Tuesday a significant increase in its investment in the oil project Great White in the Gulf of Mexico. The company plans to expand its participation in the project, reinforcing its presence in the oil and gas drilling sector in USA.

The additional investment will improve the production capacity of Shell in the Gulf of Mexico, allowing the company to increase its oil and gas production in the region. With the expansion of the project, Shell demonstrates its continued commitment to strengthening its presence in the international oil and gas market.

Shell has a significant stake in the Great White project, which has been one of the company's main focuses in the Gulf of Mexico. This decision reflects Shell's confidence in the growth potential of the oil and gas sector in the region, reinforcing its position as a leader in the international energy market.

Source: AtCoMedia. Inc.