Published on 23 Feb 2023 on Zacks via Yahoo Finance

Shell's (SHEL) Vito Deep-Water Project Begins Production

Shell plc SHEL has recently announced the start of production at Vito — the company’s first deep-water platform in the Gulf of Mexico.  This project has been designed to produce up to 100,000 barrels of oil equivalent per day, making a significant contribution to Shell's overall production capacity. The Vito project demonstrates Shell's continued investment in deep-water development and the Gulf of Mexico’s potential as a major energy source.

The Vito project has incorporated several technological advancements, including a new generation of subsea pumps that can operate in extreme temperatures and pressures. There are also advanced automation systems on the floating production unit that allow remote monitoring and control of the production facilities.

According to Shell, the Vito project is expected to have a productive life of at least 25 years, a significant investment in the future of energy. Shell has also implemented measures to reduce the project's carbon footprint, such as using a subsea injection system that will re-inject gas into the reservoir to enhance oil recovery and reduce greenhouse gas emissions.