Shell Offshore has taken outright ownership of the producing Kaikias Field in the US Gulf of Mexico after acquiring the 20% stake held by Mitsui subsidiary MOEX North America.
HOUSTON — Shell Offshore has taken outright ownership of the producing Kaikias Field in the US Gulf of Mexico (GoM) after acquiring the 20% stake held by Mitsui subsidiary MOEX North America.
Since its discovery in 2014, “the Kaikias Field has been a productive investment," said Rich Howe, Shell’s executive vice president for Deep Water. “By increasing Shell’s working interest in the field, we are creating options for our future as the leading producer in the US Gulf of Mexico.”
Kaikias is in the Mars-Ursa Basin, 130 miles from the Louisiana coast. Production started in May 2018 via a subsea tieback to the Ursa production hub.
Earlier this week, Shell Offshore and its partners took FID on a phased drilling campaign to boost production through the Perdido spar platform in the US GoM. The three new wells in the Great White unit, due to be completed in April 2025, should deliver up to 22,000 boe/d at peak.
