As our global Deep Water business grows, we are actively managing our CO2 intensity from deep-water assets, including considerations for new project designs, ongoing producing operations, and latelife assets. Note: We have enhanced the security features of this site. As these pre-FID projects are expected to be multi-decade producing projects, the projection of less than $35 per barrel will not be reflected either in earnings or cash flow in the next five years. Shell has been a deep-water pioneer in the Gulf of Mexico for over four decades and works closely with local communities in the region. This will require more and varied supplies of energy. Shell Malaysia will continue to maintain an office in Kota Kinabalu for its downstream businesses and some upstream support. As well as supporting local communities, Shell’s deep-water projects are carefully designed to limit any impact on the surrounding environment. We continue to be the largest leaseholder in the US Gulf of Mexico, with access to some of the most prolific acreage in the basin. Shell Malaysia will continue to maintain an office in Kota Kinabalu for the downstream businesses and some upstream support. There are no changes to Shell… Shell has a long history of developing energy projects using its knowledge, experience and proven deep-water technologies to unlock new resources safely and efficiently. Shell operates the Gumusut-Kakap deep-water field where production began in 2014. Shell’s deep-water operations also boost economic growth and benefit local communities. For example, our nine blocks offshore Mexico are more than twice the size of Shell’s US Gulf of Mexico portfolio. Also in 2019, we took a final investment decision on the PowerNap deep-water project, a subsea tie-back to our Olympus platform. The company runs programmes globally to ensure high standards of health and safety, emergency response procedures and technical operations. US upstream week in brief: Shell makes a Whale of a discovery in Deepwater GoM. And it has pioneered safe operations at the deepest wells around the world. It’s what differentiates us in the marketplace”, GRFX: COGNAC, BULLWINKLE, GULF OF MEXICO, BONGA, MARS, AUGER, PERDIDO, BRAZIL, STONES, MALAYSIA, APPOMATTOX, NIGERIA, MALIKAI, HOUSTON, SNEPCO, VITO, Shell Deep Water 40th Anniversary Graphic. Shell’s Deepwater business has selected Bentley’s digital twin approach to streamline its capital projects process and accelerate time to first oil. On the Appomattox development in the Gulf of Mexico, Shell has achieved more than 25% cost savings since making the final investment decision. “The deep water is the jewel in the upstream crown. Shell’s projects are designed to keep costs low without comprising on safety. With more than 125 years of history in Malaysia, Shell pioneered the oil and gas industry in the country and fuelled its growth. Photo from Agência Petrobras. To anchor the platform securely, engineers used a remote-controlled robot to attach it to four giant mooring lines. The interactive world map is integral part of the online version of the Investors’ Handbook, presenting a single, detailed world view of Shell’s worldwide acreage and upstream and downstream assets. Shell has been exploring for and extracting oil and gas from beneath deep waters for 40 years, delivering many major projects around the world in countries including Brazil, the USA, Nigeria, and Malaysia. On the Vito project, also in the Gulf of Mexico, Shell reduced cost estimates by more than 70% from the original concept, also due to a simplified design. We believe our global deep-water portfolio is on track to deliver sustained production of at least 900 thousand barrels of oil equivalent per day from already discovered fields through 2025. Shell UK explores and produces energy products - fuels, oil, natural gas, lubricants, LPG, chemicals; including 100% renewable electricity by Shell Energy. “Pioneering deep water for Nigeria also meant that Shell pioneered deep water in Nigeria.”, “I’ve done projects on five continents, and I’ve enjoyed every day of it.”, “The Shell people just have a sense of camaraderie, of can-do attitude, and a resiliency of spirit.”, “This ability to overcome adversity tightened the connections of people and made them incredibly proud of the achievements that they were able to realize.”, “This is my 30th year, and I still feel like the new guy.”, “We went from 326 feet of water to 4, 5 and 6,000 feet. Shell’s Malikai project is located in an area surrounded by yellow-fin tuna and Shell and the Sabah Department of Fisheries, a governmental body, are working on a project to assist local fisherman by setting up floating devices that attract fish to alternative areas away from the platform. It has helped set new designs standards for the world’s tallest platforms. We have built up a fantastic position here in the Gulf of Mexico, but we have now taken that into a really, truly international position.”, “It’s great to be able to work in my home state and to see a very Malaysian team to really deliver a world class performance.”. Shell’s ambition to be a net-zero emissions energy business, Cutting carbon together, sector by sector, Natural Gas: providing more and cleaner energy, Putting Safety First in Shale Oil and Gas, Leveraging Technology in Shale Oil and Gas, Social and Environmental Responsibility in Shales, Chief Technology Officer and Chief Scientists, The role of technology in the energy transition, Another step towards a global electricity business, View New Energies: building a lower-carbon power business, Explore Shell’s Global Energy Resources database, Share your idea and transform the energy industry, Boosting local economies through entrepreneurship, Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), Preventing the facilitation of tax evasion, View Sustainability reporting and performance data, Voluntary reporting standards and ESG ratings, Investing in access to energy for communities, 4 tips to excel in a Shell face-to-face interview, 7 tips to prepare Students & Graduates for an online video Interview, 10 employees share their first week at Shell, 9 ways to help you find the right career path, Find a Job in the Shell Graduate Programme, Appomattox: an energy project that defied the odds, Scientists gain new line to the deep ocean, Bullwinkle: on-stream 1988, depth 400 metres, Malikai: on-stream 2016, depth 500 metres, Bijupirá & Salema: on-stream 2003, depth 800 metres, Olympus: on-stream 2014, depth 900 metres, Ram-Powell: on-stream 1997, depth 1,000 metres, Bonga: on-stream 2005, depth 1,000 metres, Gumusut-Kakap: on-stream 2014, depth 1,200 metres, Parque das Conchas: on-stream 2010, depth 1,800 metres, Na Kika: on-stream 2003, depth 1,800-2,400 metres, Appomattox: on-stream 2019, depth 2,200 metres, Perdido: on-stream 2010, depth 2,300-2,800 metres, Stones: on-stream 2016, depth 2,900 metres. Shell Brasil Petroleo, a subsidiary of Royal Dutch Shell plc (“Shell”), today won four additional deep-water exploration blocks in the Campos and Potiguar basins, bringing its total operated presence offshore Brazil to 18 blocks. In 1978, Shell installed the Cognac platform in the Gulf of Mexico, representing the beginning of modern day deep-water operations. The latest FPSO to come online, P-68, can process up to 150 thousand barrels of oil and 6 million cubic metres of natural gas daily. On the Kaikias project in the same region, Shell was able to reduce costs by around 30% by simplifying the well design and re-using existing oil and gas processing equipment. Read more about Shell’s deep-water work around the world. Vito will be Shell’s 11th deep-water project in the area. Wael was previously the Executive Vice President, Deep Water and a member of the Upstream Leadership Team. In the Gulf of Mexico lies Shell’s Stones project. Average peak production is estimated to reach approximately 100,000 barrels of oil equivalent per day. Deep Water is a Core Upstream theme for Shell, focused on strong cash generation through a leading portfolio and development opportunities that will sustain cash flow into the coming decades. Deep water Deep water is the Upstream growth priority for Shell. During the toughest downturn in oil prices, some energy projects had to find inventive ways to survive. Shell’s Deep Water Portfolio in the Gulf of Mexico In the Gulf of Mexico, Shell currently operates a number of different types of platforms and systems. Nigeria remains an important part of our deep-water portfolio. Phase 2 of the project was completed in 2019, adding four additional subsea wells to sustain its rated production of 165 thousand barrels of oil equivalent per day while realising cost savings of more than 35% since FID in 2017. Deepwater Thalassa starts Shell gig Transocean's newbuild drillship Deepwater Thalassa has kicked off a long-term contract with Anglo-Dutch supermajor Shell in the US Gulf of Mexico. He joined Shell in 1997. Appomattox realised cost reductions of more than 40% post-FID and is in a phased production ramp-up. 26 years 9 months. Shell Malaysia will continue to maintain an office in Kota Kinabalu for the downstream businesses and some upstream support. Deep-water friendship: Turkmenistan and Azerbaijan bury Caspian Sea hatchet Neighbours agree to join forces in exploring and developing contested deep-water block as relations have warmed It keeps our lives heated, cooled, bright and moving. Shell also supports a training programme with local authorities in the country to qualify much-needed welders for the oil and gas industry. As part of the Brazilian Parque das Conchas project, Shell has funded research into humpback whales. [A] The forward-looking break-even price for pre-FID projects is calculated based on all forward-looking costs associated with pre-FID projects in our development portfolio. of the Port of London, the majority of which lie on the Tideway of the River Thames, listed from upstream to downstream.. Tropical storms are common in this region. Kosmos, Shell complete upstream transaction. At the Bonga North West project in Nigeria, 90% of people working on it are Nigerian. The leading global oil, gas and energy news resource. Together they created a new programme to help 2,000 economically disadvantaged students get inspired and excited about STEM subjects: science, technology, engineering and maths. What is Shell's Net Carbon Footprint ambition? Shell Upstream Production Deepwater December 2016 – Present 3 years. In 2017 in New Orleans Shell began a collaboration with educational organisation Core Element and the New Orleans Pelicans basketball team. Inside energy from deep water. Bids please: Shell issues key tender for … Brazil is a new heartland in our Upstream portfolio, where we have interests in 16 active FPSOs and total Shell-share production has reached around 400 thousand barrels of oil equivalent per day. Shell confirmed it made first discovery in Western GoM in two years at the Whale (AC 772) prospect. The company supported a Brazilian non-profit environmental conservation organisation, Scientific Institute Aqualie, to set up an electronic tagging programme that has revealed details about the whales’ migration routes. Despite scaling back its upstream team in Sabah, Shell said there would be no changes to its deep-water operations offshore the state. Deep Water is a Core Upstream theme for Shell, focused on strong cash generation through a leading portfolio and development opportunities that will sustain cash flow into the coming decades. There are no changes to Shell… The project is expected to come online in late 2021. Thousands of kilometres away off the coast of Sabah, Malaysia, lies Shell’s Gumusut-Kakap platform, a project that produces oil from 19 deep-water wells in seas that are 1,200 metres (3,900 feet) deep. He joined Shell in 1997 and has worked in a variety of roles in each of Shell’s core business units: Upstream, Integrated Gas and Downstream. Retired. We were also awarded two blocks in the 16th concession deep-water bid round, adding to our robust portfolio of 2.6 million net acres. Now some of them are back in demand. And, as the world’s population increases, more people will seek a better quality of life. Greater New Orleans Area. In 2018, Shell marks its 40th anniversary in deep water. Shell’s upstream unit, which oversees most exploration and production, is expected to report an adjusted loss for the fourth quarter, in part due to a tax charge of $600 million to $900 million. In the Gulf of Mexico lies Shell’s Stones project. A short video of various people at Shell talking about deep water exploration. The forward-looking break-even price for pre-FID projects is calculated based on our estimate of resources volumes that are currently classified as 2C under the Society of Petroleum Engineers’ Resource Classification System. Turnaround Manager - Shell Upstream Deepwater - Gulf of Mexico Shell. As an important pillar of Shell’s strategy, Core Upstream themes comprise Deep Water, Shales and Conventional Oil and Gas. Every year the company invests in over 25 local non-profit organisations that work to improve educational opportunities, protect the local environment and celebrate the unique culture of the region. Through FPSO upgrades and subsea tie-backs to developments such as Bonga North West, capacity has continued to grow. The handover comes as Galp seeks to recover from steep losses during the pandemic, having reported net losses in the second and third quarters of last year. In Malaysia, Shell runs a university scholarship programme which provides funding to high-achieving students. That’s a lot of growth.”. Shell produces oil and gas from more than 50 interests in North Sea Fields, 30 North Sea platforms and 1 FPSO which is operated on our behalf. The company’s deep-water wells must meet rigorous design and construction standards and use sensors to monitor deep-water wells in real time. We operate three onshore gas plants and a marine terminal that distributes natural gas liquids around the world. Feb 2020 – Present 6 months. A new mooring line in the Gulf of Mexico could further scientific knowledge of the world's interconnected ocean systems. “Over the 40 years of Deep Water, we’ve used the bright minds to make the impossible, possible.”, “Shell would buy leases that we did not even have the technology yet to develop.”, “We had to go out and build things that we had never done before.”, “The word which comes to my mind around 40 years of Deep Water is a pioneering spirit.”, “Indeed we were the pioneers in deep water. Shell marks 40 years in deep water and the Gulf of Mexico is where it all started. Dec 10th, 2020 (Courtesy Kosmos Energy) Offshore staff. The visual shows the ocean with 16 offshore oil & gas assets on the surface. Shell Malaysia will shed about 2% of its workforce, including 250-300 jobs from its upstream business, as part of an effort to reshape and simplify the organization, the company said Jan. 13. Beneath the world’s oceans – in waters ranging from a few hundred to several thousand metres deep – lie vast supplies of oil and natural gas with the potential to boost economic growth and play a vital role in the future energy mix. In 2019, we opened a new frontier in the US Gulf of Mexico with Appomattox, the first commercial discovery to come online in the Norphlet formation. The five companies completed the project ahead of schedule, with no reported injuries to staff during 4.16 million hours of work. We estimate the quick cycle time, coupled with utilization of existing infrastructure, brings the breakeven oil price to around US$30/bbl Brent. Shell was also the first major offshore operator to apply round-the-clock, real-time monitoring of drilling operations from shore. Offshore Malaysia, Shell operates five producing oil fields, including the Gumusut-Kakap deep-water field where production began in 2014. Our global, deep-water production from already discovered fields is on track to exceed 900 thousand boe/d by 2020. The functionality also has a search tool and enhanced cartography. Upstream Our Upstream business explores for and extracts crude oil, natural gas and natural gas liquids. There are no changes to Shell’s offshore deep-water operations in Sabah. This includes its sponsor and any policies, activities or services offered on the site, by any advertiser on the site or linked to the site. Most of the deep-water pioneers have retired. Following assets are shown from left to right with the year and the depth at which the asset drills: Producing energy resources deep beneath the world’s oceans has been going on for 40 years. By Russell Searancke Woodside Petroleum with joint venture partners including China National Petroleum Corporation (CNPC) and Shell have started a three-well deep-water … Kosmos Energy has completed its farm down of E&P interests in Suriname, Sao Tome & Principe, and Namibia to Shell for around $95 million, plus future contingent payments of up to $100 million. “At the heart of it all is the 40 years of delivery that our people have shown, time and time again, year after year. Upstream NHST Events About us ... Semisub deep-water rigs set for new life as launchpads for Musk's SpaceX Two ultra-deepwater rigs find new life supporting SpaceX Starship project . Sawan, 44, a Canadian citizen of Lebanese origin, currently heads Shell’s deepwater operations, one of the company’s cash growth engines in recent years. New Orleans, LA. We also have a strong development funnel to sustain our business into the next decades. Shell Malaysia Upstream 110 Years Video Transcript [Background music plays] {Inspiring, emotive music} {Visual transition/change: Countdown.} DALLAS – Kosmos Energy has completed its farm down of E&P interests in Suriname, Sao Tome & … The Whale project could replicate as much as 80% of the Vito host design. You are now leaving the web version of Shell Investors’ Handbook 2019. FPSO P-68, offshore Brazil. We expect to deliver between $7 billion and $8 billion per year in organic free cash flow by 2025 at $60 per barrel (real terms 2016) with cash capital expenditure between $4 billion and $5 billion per year over 2021 to 2025. Apr 2018 – Present 2 years 2 months. In April 2018 Shell took the final investment decision to develop the Vito deep-water project in the US Gulf of Mexico. The Shell-operated Bonga field has produced more than 800 million barrels of oil since coming online in 2005. Operating in around 2,900 metres (9,500 feet) of water, Stones is a floating production, storage and offloading (FPSO) facility which produces oil and gas from reservoirs nearly 30,000 feet below sea level. Shell. We have advantaged positions in Brazil, the Gulf of Mexico, Nigeria and Malaysia – with substantial and profitable growth potential. Brown, who held various executive positions in countries including the Netherlands, Italy, and Qatar in his 35-year career at Shell, left the company in 2019 after three years as upstream director. There could be around 270 billion barrels of recoverable oil alone in deep water worldwide, according to the International Energy Agency. We began drilling our first deep-water well there in January 2020, and have plans to drill 13 wells over the next five years. Invitations to Tender for the Bonga South West/Aparo project were released in 2019. Shell has helped develop many of the deep-water technologies and processes that energy companies use today. Accordingly, neither Royal Dutch Shell plc nor any member of the Shell Group endorses, adopts, certifies or otherwise validates the information and material contained on the linked website. It also markets and transports oil and gas, and operates the infrastructure necessary to deliver them to market. This is a list of about 680 former or extant wharves, docks, piers, terminals, etc. Safety is the top priority across Shell’s operations. These lines secure the platform against waves of up to eight metres (25 feet) and winds that can gust at hundreds of kilometres an hour. All five major engineering and construction contracts for the project were awarded to companies locally-headquartered or invested in the country. In South Africa, we entered the frontier deep-water Cape Basin (Shell interest 40%) and a second block adjacent to our existing acreage in the Namibian Orange Basin (Shell interest 45%); In the UK, we announced FID to export gas and oil from the Pierce field, which is located 165 miles east of Aberdeen (Shell interest 92.5%); Accordingly, this typically excludes exploration and appraisal costs, lease bonuses, exploration-seismic and exploration-team overhead costs. We are among the leading international oil companies in each of the countries where we operate – the US Gulf of Mexico, Brazil, Nigeria and Malaysia. The link you have selected will direct you to a website that is not controlled by Royal Dutch Shell plc or any member of the Shell Group. Menara Shell in Kuala Lumpur will continue to host Shell Malaysia Downstream and corporate entities. If you have questions, please contact your Shell project engineer. Shell has consistently earned higher revenues than BP due to the larger scale of its operations. In case of any issues or questions please contact Rick Warden (Deepwater/Gulf of Mexico) or Jeremy Wong (Unconventionals) Production Geoscience, Upstream Deepwater Shell. The Vito project is also progressing towards first production in 2021 with planned peak production of approximately 100 thousand barrels of oil equivalent per day and an estimated 300 million barrels of oil equivalent of recoverable resources at a forward-looking break-even price of below $35 per barrel [A]. … It has so far helped over 2,000 young Malaysians. Shell’s engineers also undergo several years’ additional training in deep-water exploration and recovery. Energy fuels economic development. A further seven FPSOs are scheduled to come online in the 2020s. In this section. “Being part of the deep water business in Brazil means you’re a critical contributor to one of our main lines of businesses within the whole of Shell. Exploration and drilling activities are under way in the Santos Basin, a deep-water province with low break-even prices and continued growth potential, and in the Campos and Potiguar basins. Read more about Vito In addition, the P-69 FPSO reached peak production levels in 2019, just over 10 months from first production. Malikai, Shell’s second deep-water project in Malaysia, features the country’s first tension-leg platform and began production in 2016. “This important investment demonstrates our ongoing commitment to usher in the next generation of deepwater developments, which will deliver more production growth in the Americas,” said John Hollowell, Executive Vice President for Deepwater, Shell Upstream Americas. Report summary . A timeframe for a potential FID will be announced after the fully termed commercial framework is agreed. It also shows the seabed with different depths on the left with a depth meter ranging from 200 to 3,000 metres deep, in steps of 200 metres. Greater New Orleans Area. North Sea operated assets. Thank you for visiting the Shell Investors’ Handbook 2015-2019. volumes are converted into a daily basis using a calendar year, floating production, storage and offloading, In Focus: Replication and standardisation, Asia (including the Middle East and Russia), Additional segmental information and capital data, Oil and gas exploration and production activities earnings, Oil, gas, synthetic crude oil and bitumen production, Upstream – Asia (including the Middle East and Russia). One was Appomattox, Shell's major deep-water project in the Gulf of Mexico. Marine life is a vital source of income for fishermen in Malaysia. Shell also announced a decision to invest in a second phase of the Malikai deep-water development, which is expected to come online in 2021. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. This allows engineers and geologists in onshore operations centres around the world to identify any potential risks and respond immediately. Watch the Pioneers of the Gulf of Mexico | 40 Years of Deep Water . They can contact OpenWells support through the help desk. Shell was also the first major offshore operator to apply round-the-clock, real-time monitoring of drilling operations from shore. The revenue gap has nearly doubled in the last four years, from 16% to 23%.Oil & gas account for the majority of the revenues for both the companies. In the last ten years, Shell’s revenues were 22.2% higher compared to BP’s, on an average. Industrial Lubricants and Oils for Business, New Energies: building a lower-carbon power business, Sustainability reporting and performance data, Shell Rimula Truck & Heavy-duty Engine Oils, More and cleaner energy solutions for your business, Our home energy offer for households in Great Britain, Purchase order general terms and conditions, Shell invoicing channels and invoice requirements, Electronic signature data privacy statement, Health, Security, Safety and the Environment, Subscribe to Shell Catalysts & Technologies, View Industrial Lubricants and Oils for Business, Flightpath: exploring the future of aviation, The benefits of chemicals in everyday life, Shell FuelSave Diesel and Shell Diesel Extra, Shell Fuel Oil Plus and Shell Fuel Oil Extra, Shell Electronic Vendor Managed Inventory, HSSE & Social Performance Commitment and Policy. In 2018 Shell celebrated 40 years of deep-water operations, Title: Shell Deep Water 40th Anniversary. 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