{"id":2773,"date":"2016-09-12T07:17:42","date_gmt":"2016-09-12T07:17:42","guid":{"rendered":"http:\/\/www.findadistributor.com\/news\/?p=2773"},"modified":"2016-09-12T07:17:42","modified_gmt":"2016-09-12T07:17:42","slug":"shell-starts-production-stones-gulf-mexico","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/shell-starts-production-stones-gulf-mexico\/","title":{"rendered":"Shell Starts Production from Stones, Gulf of Mexico"},"content":{"rendered":"

Shell has confirmed that production has started from the Stones development in the Gulf of Mexico.\u00a0 Stones is expected to produce around 50,000 barrels of oil equivalent per day (boe\/d) when fully ramped up at the end of 2017.<\/p>\n

The host facility for the world\u2019s deepest offshore oil and gas project is a floating production, storage and offloading (FPSO) vessel. It is the 13th FPSO in Shell\u2019s global deep-water portfolio and produces through subsea infrastructure beneath 9,500 feet (2,900 meters) of water. Stones underscores Shell\u2019s long-standing leadership in using FPSOs to safely and responsibly unlock energy resources from deep-water assets around the world.<\/p>\n

\u201cStones is the latest example of our leadership, capability, and knowledge which are key to profitably developing our global deep-water resources,\u201d said Andy Brown, upstream director, Royal Dutch Shell.\u00a0\u201cOur growing expertise in using such technologies in innovative ways will help us unlock more deep-water resources around the world.\u201d<\/p>\n

Stones, which is 100% owned and operated by Shell, is the company\u2019s second producing field from the Lower Tertiary geologic frontier in the Gulf of Mexico, following the start-up of Perdido in 2010.<\/p>\n

The project demonstrates Shell\u2019s commitment to realizing significant cost savings through innovation. It features a more cost-effective well design, which requires fewer materials and lowers installation costs; this is expected to deliver up to $1 billion reduction in well costs once all the producers are completed.<\/p>\n

\"Stones

Stones factsheet<\/p><\/div>\n

The FPSO is also specially designed to operate safely during storms. In the event of a severe storm or hurricane, it can disconnect and sail away from the field.\u00a0Once the weather event has passed, the vessel would return and safely resume production.<\/p>\n

Shell\u2019s global deep water business is a growth priority for the company and currently produces 600,000 boe\/d.\u00a0Deep-water production is expected to increase to more than 900,000 boe\/d by the early 2020s from already discovered, established reservoirs. Three other Shell-operated projects are currently under construction or undergoing pre-production commissioning: Coulomb Phase 2 and Appomattox in the Gulf of Mexico and Malikai in Malaysia.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shell has confirmed that production has started from the Stones development in the Gulf of Mexico.\u00a0 Stones is expected to produce around 50,000 barrels of oil equivalent per day (boe\/d) when fully ramped up at the end of 2017. The host facility for the world\u2019s deepest offshore oil and gas project is a floating production,… Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":2774,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[1395,1396,1394,75,224],"class_list":["post-2773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-boed","tag-gulf-of-mexico","tag-oil","tag-oil-and-gas","tag-shell"],"acf":[],"yoast_head":"\nShell Starts Production from Stones, Gulf of Mexico - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/shell-starts-production-stones-gulf-mexico\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shell Starts Production from Stones, Gulf of Mexico - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"Shell has confirmed that production has started from the Stones development in the Gulf of Mexico.\u00a0 Stones is expected to produce around 50,000 barrels of oil equivalent per day (boe\/d) when fully ramped up at the end of 2017. 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