Shell invests in the Vito development in the Gulf of Mexico

Shell announces the final investment decision for Vito, a deepwater development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35/bbl. This decision sets in motion the construction and fabrication of a new, simplified host design and subsea infrastructure.

Vito is expected to reach peak production of approximately 100,000 boed, which represents a significant contribution to our continued growth in the Gulf of Mexico. 

Vito will be Shell’s 11th deepwater host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. With global production progressing to more than 900,000 boed, Shell has deepwater projects and opportunities in the U.S., Brazil, Nigeria, Malaysia, and Mexico.

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