Shell Offshore, a subsidiary of Royal Dutch Shell is up to expand its position in the Gulf of Mexico after the Leopard discovery; a 600 feet (183 meters) net oil field, reported this Tuesday.
Firstly, the deep-water oil site is located in the U.S. Gulf of Mexico, in the Perdido corridor, on of Shell’s, top producing sites in the region. The location started commercial operation back in 2010; it has a depth of 2,450 meters, and produces 100,000 barrels of oil equivalent per day.
Secondly, the Leopard discovery made the Perdido corridor even more significant for Shell, and positions the company further to expand its position there. According to the company’s statement, Leopard is still under evaluation to further define its development options.
Thirdly, the main opportunity of Leopard, is to increase the oil production of the company, and the Perdido Corridor; which it operates in a joint venture with Chevron and BP. In fact, Leopard will also be a 50-50 joint venture between Chevron and Shell.
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Production of Shell in GOM among the lowest GHG intensity
In addition, within the corridor, the company’s Great White, Silvertip and Tobago fields are already producing. Meanwhile, the Whale discovery, also in the Perdido Corridor, is progressing toward a final investment decision in 2021.
On the other hand, specifically, the Leopard site locates OCS block Alaminos Canyon (AC) 691; approximately 20 miles (32 kilometers) east of the Whale discovery; and 20 miles (32 km) south of the recently appraised Blacktip discovery and 33 miles (53 km) from the Perdido host.
Furthermore, Paul Goodfellow, Shell’s Deepwater Executive Vice President, said. “Leopard expands our leading position in the Gulf of Mexico; and it is also an exciting addition to our core portfolio; especially given its proximity to existing infrastructure and other discoveries in the Perdido Corridor.”
Finally, He also remarked. “With our US Gulf of Mexico production among the lowest GHG intensity in the world; Shell remains confident about the GoM and this latest discovery will help us deliver on our strategy to focus on valuable; also, high margin barrels as we sustain material Upstream cash flows into the 2030s.”