Shell invests in Kaikias waterflood to unlock production in Gulf of America

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• Shell aims to sustain liquids production at around 1.4 million barrels of oil equivalent per day until 2030

  80% confidence

• Shell is the leading deep-water operator in the US Gulf of America, where production has among the lowest greenhouse gas intensity in the world

  80% confidence

• The investment contributes to Shell's aim of maximizing high-margin production and longevity in a core basin to maintain liquids production

  80% confidence

• Following decision to increase stake in Ursa earlier this year, this additional investment continues to maximize the value of the asset

  80% confidence

• Waterflood is anticipated to extend the production lifecycle of Ursa by several years

  80% confidence

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