The wells are expected to add around 22,000 barrels of oil equivalent each day to production across the Perdido spar in the US Gulf of Mexico once they are completed in April 2025. Production has been ongoing at the Perdido spar since 2010. This is located in approximately 8,000 feet of water some 200 miles offshore of Galveston in Texas.
Shell is the designated operator for the Great White project, and has a 33.34% stake. Chevron and BP, the makers of the Texaco and Castrol lubricant and grease products, also each have a 33.33% working interest.
The Executive Vice President responsible for deep-water production at Shell, Rich Howe, commented on the project:
“Shell is the leading operator in the US Gulf of Mexico, and we continue to find ways to build on that position. By expanding our Perdido development, we continue to unlock the greatest value from this exceptional resource.”
The company also said in a press release that this investment decision reinforced its long-term commitment to operating in the Gulf of Mexico, which it says is vital for providing a secure and reliable source of energy. It also said that the greenhouse gas intensity of oil production in the US Gulf of Mexico is among the lowest in the world.