Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35 per barrel. SAE 0W-40. Average peak production is estimated to reach approximately 100,000 barrels of oil equivalent per day. The Vito field is more than 4,000 feet deep in the Gulf and is located about 150 miles southeast of New Orleans. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project in the area. SAE 5W-50. SAE 10W-50 . In the foreground the hook of a crane rises. With global production progressing to more than 900,000 boe per day, Shell has deep-water projects and opportunities in the U.S., Brazil, Nigeria, Malaysia, and Mexico. Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. “Our ability to advance this world-class resource is a testament to the skill and ingenuity of our development, engineering and drilling teams.”. VITO needs no supervision and offers the highest work safety due to no contact with the hot frying medium. 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Take a closer look at the journey of Vito to a final investment decision in the video below. Lubricants for Transport and Industrial Businesses, Shell Polymers: Rewriting the Polymer Playbook, Shell Diesel FiT | Fuel Injection Technology, Shell Diesel Fit Fuel Economy and CO2 Savings Calculator, Shell | Fuel Rewards® Credit Card Navigation, Joey Logano Drives to Victory Lane at Talladega, Joey Logano punches ticket to Championship Four, Logano Wins Nascar Championship Powered by Pennzoil Pureplus Technology under the Hood, Force For Good - St Vincent’s Mobile Healthcare, Force for Good - Truckers Against Trafficking, Force for Good - Hasbro Children’s Hospital, Mobile Payment at Shell via third-party apps: General terms and conditions of use, Lancium and MP2 Energy offer energy demand response solution to reduce energy costs, Wells Fargo expands renewable energy purchases with Shell Energy and MP2 Energy, End-to-End Energy Solutions for Enterprises. Testing devices VITO FT 440 Change your oil as needed - never too early, never too late. Readers should not place undue reliance on forward-looking statements. Shot changes to a close-up, side view of him. Closer shot of part of drilling platform with sign on side with AUGER in large red letters. Since then Shell and its partners share the working interests in Vito as following: – Shell 55% is the operator SAE 10W-40. The Vito development is owned by Shell Offshore (63.11% operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 feet of water, approximately 150-miles southeast of New Orleans. Shell Vito. Artist’s impression of drilling platform in yellow against a vivid blue sky. There is the philosophy that went into constructing it. Vito plays into deep water’s future by learning how to make the possible affordable. Text displays next to diagram: VITO IS MORE THAN 4000 FT BELOW SURFACE. Vito is expected to reach peak production of approximately 100,000 barrels of oil equivalent (boe) per day, which represents a significant contribution to our continued growth in the Gulf of Mexico. Close up side view of Kurt Shallenberger talking. Animated view of drilling platform being built. 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 feet of water, approximately 150-miles southeast of New Orleans. Wael Sawan sits facing camera. 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 April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico. Keep up to date with developments at Shell via email alerts, Twitter or other social media. Closer shot of part of drilling platform with sign on side with AUGER in large red letters. Shell Helix fully synthetic oils are manufactured from 100% synthetic base stock and high quality additives to achieve higher performance levels than both synthetic technology and mineral oils. Shell, the operator of the Whale project, holds 60% in the field, while Chevron holds the remaining 40%. Article №: 15669E. Aerial views of different drilling platforms at sea. We’re not just competing with our history, we are competing with the best that the world has to offer. Animated drawing showing a drilling platform being built. After 4:30 minutes your oil is clean, due to fully automatical frying oil filtration. I’m very proud of the Vito family we’ve created. Six more development wells will subsequently come on stream, raising the production capacity of the field. Investor Relations International: +31 70 377 4540 North America: +1 832 337 2034, Media Relations International: +44 207 934 5550 US & Brazil: +1 832 337 4355. I’m very proud of the Vito family we’ve created. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s … With 40-years of Shell leadership in deep water, Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. The Vito development will be Shell’s 11th deep-water host in the Gulf of Mexico. First oil from the Vito oilfield is expected in 2021. Credit: Jumbo. In 2015, Shell began to redesign the Vito project, ... Talos delivers first oil from Gulf of Mexico Bulleit field. Animated drawing showing a drilling platform being built. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. Estimated recoverable resources are 300 MMboe. Front view of Kurt Shallenberger facing camera. If you’ve got questions, feedback or ideas you would like to share, send us a message or call us: Toll Free: +1 844 385 1614 Phone: +1 847 859 0398 Fax: +1 847 770 4701. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition’, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. Animated diagram of drilling platform at sea level showing the depth the drills go beneath water. Melodic instrumental music featuring strings. Distributed Energy Resources vs. Demand Response: What’s The Difference? Erik Sorgard, facing camera talking about Vito project. Shell is a global group of energy and petrochemical companies. It is currently scheduled to begin producing oil in 2021. A bank of monitors is behind him. CASTROL LL, EDGE TITANIUM FST Engine Oil 5W-30, Capacity: 5l, Synthetic Oil. There is the philosophy that went into constructing it. Shell first oil and gas from Bardolino Oct 07, 2010 Shell U.K. Limited (Shell) has started producing oil and gas from the Bardolino field in the Central North Sea. Close-up, side view of Kurt Shallenberger talking about the future of Vito. This release contains forward-looking statements (within the meaning of the U.S. Shell Houston campus caps 2018 with a win for conservation. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. VITO oil filter systems save up to 50% costs simply by cleaning the frying oil, shortening or any other frying medium. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Shell made the decision to invest in the Stones field development project in May 2013. VITO Oiltester Change your oil as needed - never too early, never too late. No assurance is provided that future dividend payments will match or exceed previous dividend payments. Side view, close-up of Eirik Sorgard talking about the construction of Vito. Shell Pecten centred on a white background with text displaying below. SAE 15W-50. “With a lower-cost developmental approach, the Vito project is a very competitive and attractive opportunity industry-wide,” said Andy Brown, Shell Upstream Director. Erik Sorgard, facing camera talking about Vito project. Close-up, side view of Kurt Shallenberger talking about the future of Vito. Apr 24, 2018. This is the minimum scope that is required, question ourselves have we added functionalities that we really don’t need, and also it is one of those core beliefs that simpler is safer. Animated drawing showing a drilling platform being built. All ground-breaking moving deep water. 10/10 Based on over 10957 customer ratings . An arrow moves from New Orleans to where Vito is to be sited 150 miles South East of New Orleans. 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In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico with a forward looking break-even price estimated to be less than $35 per barrel. Close up side view of Kurt Shallenberger talking. With 40-years of Shell leadership in deep water, Vito will be Shell’s 11th deepwater host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. With global production progressing to more than 900,000 boe per day, Shell has deep-water projects and opportunities in the U.S., Brazil, Nigeria, Malaysia, and Mexico. Learn more about Shell on our global website. SAE viscosity grade for engine oil for MERCEDES-BENZ VITO. An arrow moves from New Orleans to where Vito is to be sited 150 miles South East of New Orleans. 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