Vito will be Shell’s 11th deep-water host in the Gulf of Mexico. The Vito development is owned by Shell (63.11% operator) and Equinor (36.89%). Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting, and topsides design. Vito development. Resources at Vito are estimated at 300 million barrels of oil equivalent per day with production capacity estimated at about 100,000 barrels of oil equivalent per day. Shell, the operator of the Whale project, holds 60% in the field, while Chevron holds the remaining 40%. The project’s pace has slowed and an investment decision has been put off to next year, a Chevron spokeswoman said. Equinor holds the remaining ownership interest. At this stage, Shell, Anadarko and Statoil are targeting to start the front end engineering and design (FEED) in 2015 for a final investment decision (FID) on Vito not before 2016. The development currently has an estimated, recoverable resource of 300 million boe. Read more. Vito oilfield was originally planned to be developed as a satellite field tied-back to the Appomattox development, but was later deemed to require its own production infrastructure owing to its size. Shell operate under a joint venture between the Nigerian National Petroleum Corporation, Royal Dutch Shell Plc, Total Exploration and Production Nigeria Ltd. and Nigerian Agip Oil Company Ltd. Project management and engineering will take place in Houston, Texas, with support from Subsea 7’s specialist technical Pipeline Group in Glasgow, UK. A final investment decision for Vito will be made in 2016. Shell’s first solar project in the Middle East is helping to power a smelting company in northern Oman and cutting its carbon emissions in the process. Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting, and topsides design. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Shell’s Vito development, sanctioned in April 2018, will consist of a Vito semi-submersible Floating Production Unit (FPU) connected to eight subsea wells with deep (18,000 feet) in-well gas lift. Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting, and topsides design. Vito will be Shell’s 11th deep-water host in the Gulf of Mexico. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. The Vito project is another Shell’s multibillion-dollar project authorized in May 2018. It is currently scheduled to begin producing oil in 2021. The US oil major last month cut its 2020 project budget by $4 billion and suspended share buybacks to save cash. Vito, which Shell is operating in a joint venture with Equinor, was given the go-ahead for funding in April and is currently scheduled to begin production in 2021. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Shell began to redesign the Vito project in 2015, reducing cost estimates by more than 70% from the original concept. Offshore staff. Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting, and topsides design. Shell began a redesign of the project in 2015, shortly after the oil price downturn, to reduce cost estimates. Shell, which took a final investment decision (FID) on Vito in 2018, has stated that Vito will apply a new, simplified host design and subsea infrastructure. 15/06/2018, 8:13 am. Business & Finance December 2, 2016 US-based provider of construction services Jacobs Engineering has been awarded a contract from Shell for the Vito project in the Gulf of Mexico. The Whale FPU began its construction phase with a strike-steel ceremony on Feb 12, 2020, and will draw considerable synergies from the ongoing Vito project. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Credit: Royal Dutch Shell. This follows the Shell Vito FPU project awarded to us in FY2018 for deep-water development in the US Gulf of Mexico. Shell Vito. With a lower-cost developmental approach, the Vito project is a very competitive and attractive opportunity industry-wide. For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer The Vito project — with a capacity of around 100,000 barrels of oil equivalent per day — is set to commence oil production from 2021. Shell says the decision comes after a redesign of the project launched […] Offshore installation activities are scheduled for 2020 and 2021. Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting, and topsides design. Singapore’s Sembcorp Marine will construct and integrate the hull, topsides and living quarters of the FPU. Projects earmarked for investment will include deep offshore, shallow water, swamp and land terrain. Shell Offshore Inc (Shell), a subsidiary of Royal Dutch Shell plc has announced the final investment decision for Vito, a deep-waterdevelopment in US Gulf of Mexico.With a forward-looking, break-even price estimated to be less than $35 per barrel. Deep Down has received an order from Shell for work related to its Vito development in the U.S. Gulf of Mexico. Shell has a 30% stake in the business. Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting, and topsides design. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project in the area. These findings were an important verification to Oko and the project team, clearing an easier path for the project to move forward. Though Shell did not disclose the cost of the project yet, it is known to have sliced its price tag around 70% from the original project design. April 26, 2018 by gCaptain Oil major Shell has announced a final investment decision for the 100,000 barrel per day Vito development in the deepwater Gulf of Mexico off the coast of Louisiana. Our ability to advance this world-class resource is a testament to … May 8th, 2018. Jumbo has been awarded an installation contract for the Shell deepwater Vito development project. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Share Article. In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico. Fairplayer, Jumbo's DP-2 heavy-lift crane vessel. Vito is Shell’s latest deepwater project in the Gulf of Mexico, after Appomattox, Kaikias and Coulomb Phase 2, which are currently under construction. Shell’s deep-water projects portfolio in the area includes Kaikias, Appomattox and Coulomb Phase 2. Anadarko will continue to develop deepwater U.S. Gulf of Mexico projects. The field is located beneath more than 4,000 feet of water, about 150 miles south-east of New Orleans. The Vito development is owned by Shell Offshore Inc. (63.11% operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 ft (1,219 m) of water, about 150 mi (241 km) southeast of New Orleans. Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting, and topsides design. - Shell Offshore Inc. announces final investment decision for Vito deep-water project in US Gulf of Mexico - Anadolu Agency This decision sets in motion the construction and fabrication of a new, simplified host design and subsea infrastructure. Shell owns a 63.11% interest in Vito and will operate the development upon startup. by Mark Lammey. The FPU is being made for Shell’s Whale field development, with the agreement coming ahead of a final investment decision to be made next year by Shell for the full project. Shell, Statoil make investment decision for Vito field development Shell drilled Vito’s first discovery well in 2009 at Mississippi Canyon Block 984. Shell Offshore has taken the final investment decision to proceed with the development of the Vito deep-water project located over four blocks in the Mississippi Canyon area in the US Gulf of Mexico (GoM). Subsea 7 gets the nod for Shell’s Vito project. The Whale field development will include a floating production unit (FPU) that will be operated in the Alaminos Canyon Block 772 in the deep-water Gulf of Mexico. 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