SHELL confirmed last week it has taken a final investment decision on its PowerNap development in the US Gulf of Mexico, where it aims to achieve a breakeven price of less than $35 per barrel, writes Eoin O'Cinnneide. The Anglo-Dutch supermajor is tying the discovery back to its operated Olympus tension-leg platform on the Mars field in Mississippi Canyon block 943. Production is set to begin in late 2021, reaching peak output of up to 35,000 barrels of oil equivalent per day. Current estimates of recoverable resources at PowerNap are 85 million boe, and production will be exported via the Mars pipeline.
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