LONDON – Royal Dutch Shell PLC will build an FPSO and subsea infrastructure to develop the Stones ultra-deepwater project in the Gulf of Mexico.
The development will start with two subsea production wells tied back to the FPSO with six more production wells to be added later on. First phase production is expected to reach 50,000 boe/d with recoverable reserves of 250 MMboe out of 2 Bboe of oil in place.
Stones is in 9,500 ft (2,896 m) water depth 200 mi (320 km) southwest of New Orleans in the GoM.
Shell holds 100% interest in the 2005 discovery.
“This important investment demonstrates our on-going commitment to usher in the next generation of deepwater developments, which will deliver more production growth in the Americas,” said John Hollowell, Shell executive VP. “We will continue our leadership in safe, innovative deepwater operations to help meet the growing demand for energy in the US.”