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Vito plays into deep water’s future by learning how to make the possible affordable.įront view of Kurt Shallenberger facing camera. An arrow moves from New Orleans to where Vito is to be sited 150 miles South East of New Orleans. Shot changes to show a coastline map with New Orleans pinned in red. Side view of Edwin Verdonk talking about Vito. Vito is the first primary example of going for more and more competitive resilience. Front view of Kurt Shallenberger facing camera talking about Vito. Artist’s impression of drilling platform in yellow against a vivid blue sky. Close up side view of Kurt Shallenberger talking. Closer shot of part of drilling platform with sign on side with AUGER in large red letters.
Aerial views of different drilling platforms at sea. In the foreground the hook of a crane rises. Vito is another pivotal moment but not about going deeper but making it affordable and repeatable. In the offshore business there are pivotal moments: Cognac, Bullwinkle, Auger, Perdida. Melodic instrumental music featuring strings. Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting and topsides design.ĭescription: Pivotal moments in the offshore business. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Read about how two deep-water geologists came out of retirement to help make the Vito project happen. The development currently has an estimated, recoverable resource of 300 million boe. Vito is expected to reach peak production of approximately 100,000 barrels of oil equivalent (boe) per day, which represents a significant contribution to Shell’s continued growth in the Gulf of Mexico.
It is currently scheduled to begin producing oil in 2021. In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico with a forward looking break-even price estimated to be less than $35 per barrel.īuilding on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project in the area.
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