Shell's Kaikias achieves reduced cycle time, lower costs

摘要

SHELL HAS DEMONSTRATED what is possible in terms of lower costs and reduced cycle times with its Kaikias project in the deepwater Gulf of Mexico. In May, the company announced that it had started production at the Kaikias project about one year ahead of schedule. Cycle time from discovery to production for Kaikias phase one was less than four years. Discovered in August 2014, Kaikias is in about 4,575 ft (1,395 m) of water in the Mars-Ursa basin about 130 mi (210 km) offshore Louisiana. The Kaikias field is estimated to contain more than 100 MMboe of recoverable resources. Shell is the operator and has an 80% working interest. MOEX NA a wholly owned subsidiary of Mtsui Oil Exploration Co. Ltd., has the remaining 20% working interest.