Accessibility Links

Shell makes FID on Gulf of Mexico PowerNap project



Oil major Shell has today taken the final investment decision (FID) for the PowerNap deepwater project situated in the US Gulf of Mexico. PowerNap will consist of a subsea tie-back to Shell’s Olympus production hub.
Shell makes FID on Gulf of Mexico PowerNap project
(Image via Shell).

The project is expected to start production in late 2021 and produce up to 35,000 barrels of oil equivalent per day (boe/d) at peak rates. It is anticipated to have a forward-looking break-even price of less than $35 per barrel and is currently estimated to contain more than 85 million barrels of oil equivalent recoverable resources.

Shell first discovered PowerNap in 2014. 100% developed by Shell, it is located in the south-central Mississippi Canyon area approximately 240 kilometres from New Orleans in 1,280 metres of water.

Commenting on the FID, Shell’s Upstream Director Wael Sawan, said:

“PowerNap further strengthens Shell’s leading position in the Gulf of Mexico. It demonstrates the depth of our portfolio of deepwater growth options, and our ability to fully leverage our existing infrastructure to unlock value.”

Shell has a leading deepwater portfolio with a large number of projects in the development funnel. Shell has also secured strong exploration acreage in the US Gulf of Mexico, Brazil, Nigeria and the Malaysian heartlands. At present Shell is the largest leaseholder and one of the leading offshore producers of oil and natural gas in the US Gulf of Mexico.

Work on leading oil and gas projects with Fircroft

If you’d like to work on projects like the one above, register with Fircroft today to receive our regular email job alerts.
Tags: Oil & Gas
Recent Comments
Please consider me for the above project for the deep water. Thanks , Mahbod M
Mahbod Merikhi, 04 August 2019
Estaría interesado en este proyecto. Considéreme para el proyecto de aguas profundas. Un saludo
Jaime, 08 August 2019
Add new comment
By commenting on this blog you're agreeing to our terms of use

Comments left should relate to the subject of the above blog. Unfortunately job applications cannot be accepted here.

For job enquiries and applications please use our job search and for technical or account queries please contact us.
Shell makes FID on Gulf of Mexico PowerNap project - Time to read 2 min
Share this article


Back to Top

By clicking "Save" you consent to
receiving matching jobs based on the
job/page you are viewing by email from
Fircroft, as detailed in our privacy policy
Fircroft would like to keep you up to date with our current vacancies and latest company updates via email. Occasionally Fircrofts marketing may contain 3rd party or affiliate information, however we will not share your personal data with any 3rd parties without your consent. From time to time, we might contact you to get your views on the service you have received. To help you get the best out of Fircroft, we may personalise them based on your location and how you use
Fircroft would like to keep you up to date with the latest company updates and vacancies via SMS / Text messages
Your consent options above means that Fircroft cannot contact you about any new or alternative career vacancies. If you want Fircroft to only contact you about the role(s) you have applied for please continue, however if you would like to be considered for other positions please allow us to contact you by changing one or more of the above consent.