This includes its sponsor and any policies, activities or services offered on the site, by any advertiser on the site or linked to the site. Menara Shell in Kuala Lumpur will continue to host Shell Malaysia Downstream and corporate entities. As well as supporting local communities, Shell’s deep-water projects are carefully designed to limit any impact on the surrounding environment. Following assets are shown from left to right with the year and the depth at which the asset drills: Producing energy resources deep beneath the world’s oceans has been going on for 40 years. In 2018 Shell celebrated 40 years of deep-water operations, Title:  Shell Deep Water 40th Anniversary. Malikai, Shell’s second deep-water project in Malaysia, features the country’s first tension-leg platform and began production in 2016. We believe our global deep-water portfolio is on track to deliver sustained production of at least 900 thousand barrels of oil equivalent per day from already discovered fields through 2025. Deep water Deep water is the Upstream growth priority for Shell. The visual shows the ocean with 16 offshore oil & gas assets on the surface. It’s what differentiates us in the marketplace”, GRFX: COGNAC, BULLWINKLE, GULF OF MEXICO, BONGA, MARS, AUGER, PERDIDO, BRAZIL, STONES, MALAYSIA, APPOMATTOX, NIGERIA, MALIKAI, HOUSTON, SNEPCO, VITO, Shell Deep Water 40th Anniversary Graphic. Exploration and drilling activities are under way in the Santos Basin, a deep-water province with low break-even prices and continued growth potential, and in the Campos and Potiguar basins. The company’s deep-water wells must meet rigorous design and construction standards and use sensors to monitor deep-water wells in real time. Brown, who held various executive positions in countries including the Netherlands, Italy, and Qatar in his 35-year career at Shell, left the company in 2019 after three years as upstream director. On the Appomattox development in the Gulf of Mexico, Shell has achieved more than 25% cost savings since making the final investment decision. One was Appomattox, Shell's major deep-water project in the Gulf of Mexico. Shell’s Malikai project is located in an area surrounded by yellow-fin tuna and Shell and the Sabah Department of Fisheries, a governmental body, are working on a project to assist local fisherman by setting up floating devices that attract fish to alternative areas away from the platform. In 2018, Shell marks its 40th anniversary in deep water. We also have a strong development funnel to sustain our business into the next decades. It has helped set new designs standards for the world’s tallest platforms. As our global Deep Water business grows, we are actively managing our CO2 intensity from deep-water assets, including considerations for new project designs, ongoing producing operations, and latelife assets. FPSO P-68, offshore Brazil. Tropical storms are common in this region. In case of any issues or questions please contact Rick Warden (Deepwater/Gulf of Mexico) or Jeremy Wong (Unconventionals) Despite scaling back its upstream team in Sabah, Shell said there would be no changes to its deep-water operations offshore the state. Deep Water is a Core Upstream theme for Shell, focused on strong cash generation through a leading portfolio and development opportunities that will sustain cash flow into the coming decades. Shell has consistently earned higher revenues than BP due to the larger scale of its operations. Deep-water friendship: Turkmenistan and Azerbaijan bury Caspian Sea hatchet Neighbours agree to join forces in exploring and developing contested deep-water block as relations have warmed “This important investment demonstrates our ongoing commitment to usher in the next generation of deepwater developments, which will deliver more production growth in the Americas,” said John Hollowell, Executive Vice President for Deepwater, Shell Upstream Americas. The link you have selected will direct you to a website that is not controlled by Royal Dutch Shell plc or any member of the Shell Group. “At the heart of it all is the 40 years of delivery that our people have shown, time and time again, year after year. “Over the 40 years of Deep Water, we’ve used the bright minds to make the impossible, possible.”, “Shell would buy leases that we did not even have the technology yet to develop.”, “We had to go out and build things that we had never done before.”, “The word which comes to my mind around 40 years of Deep Water is a pioneering spirit.”, “Indeed we were the pioneers in deep water. And it has pioneered safe operations at the deepest wells around the world. That’s a lot of growth.”. Brazil is a new heartland in our Upstream portfolio, where we have interests in 16 active FPSOs and total Shell-share production has reached around 400 thousand barrels of oil equivalent per day. Shell’s projects are designed to keep costs low without comprising on safety. What is Shell's Net Carbon Footprint ambition? In 2017 in New Orleans Shell began a collaboration with educational organisation Core Element and the New Orleans Pelicans basketball team. The interactive world map is integral part of the online version of the Investors’ Handbook, presenting a single, detailed world view of Shell’s worldwide acreage and upstream and downstream assets. Every year the company invests in over 25 local non-profit organisations that work to improve educational opportunities, protect the local environment and celebrate the unique culture of the region. Safety is the top priority across Shell’s operations. Shell’s deep-water operations also boost economic growth and benefit local communities. Bids please: Shell issues key tender for … Production Geoscience, Upstream Deepwater Shell. A short video of various people at Shell talking about deep water exploration. In the Gulf of Mexico lies Shell’s Stones project. Shell has a long history of developing energy projects using its knowledge, experience and proven deep-water technologies to unlock new resources safely and efficiently. In South Africa, we entered the frontier deep-water Cape Basin (Shell interest 40%) and a second block adjacent to our existing acreage in the Namibian Orange Basin (Shell interest 45%); In the UK, we announced FID to export gas and oil from the Pierce field, which is located 165 miles east of Aberdeen (Shell interest 92.5%); This will require more and varied supplies of energy. Shell UK explores and produces energy products - fuels, oil, natural gas, lubricants, LPG, chemicals; including 100% renewable electricity by Shell Energy. Deep Water is a Core Upstream theme for Shell, focused on strong cash generation through a leading portfolio and development opportunities that will sustain cash flow into the coming decades. It keeps our lives heated, cooled, bright and moving. “The deep water is the jewel in the upstream crown. Shell’s engineers also undergo several years’ additional training in deep-water exploration and recovery. Inside energy from deep water. There are no changes to Shell’s offshore deep-water operations in Sabah. Read more about Vito These lines secure the platform against waves of up to eight metres (25 feet) and winds that can gust at hundreds of kilometres an hour. For example, our nine blocks offshore Mexico are more than twice the size of Shell’s US Gulf of Mexico portfolio. Shell marks 40 years in deep water and the Gulf of Mexico is where it all started. All five major engineering and construction contracts for the project were awarded to companies locally-headquartered or invested in the country. Thank you for visiting the Shell Investors’ Handbook 2015-2019. volumes are converted into a daily basis using a calendar year, floating production, storage and offloading, In Focus: Replication and standardisation, Asia (including the Middle East and Russia), Additional segmental information and capital data, Oil and gas exploration and production activities earnings, Oil, gas, synthetic crude oil and bitumen production, Upstream – Asia (including the Middle East and Russia). This allows engineers and geologists in onshore operations centres around the world to identify any potential risks and respond immediately. In this section. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. The company supported a Brazilian non-profit environmental conservation organisation, Scientific Institute Aqualie, to set up an electronic tagging programme that has revealed details about the whales’ migration routes. Shell Malaysia Upstream 110 Years Video Transcript [Background music plays] {Inspiring, emotive music} {Visual transition/change: Countdown.} Report summary . The functionality also has a search tool and enhanced cartography. Phase 2 of the project was completed in 2019, adding four additional subsea wells to sustain its rated production of 165 thousand barrels of oil equivalent per day while realising cost savings of more than 35% since FID in 2017. Shell Malaysia will continue to maintain an office in Kota Kinabalu for the downstream businesses and some upstream support. Note: We have enhanced the security features of this site. Sawan, 44, a Canadian citizen of Lebanese origin, currently heads Shell’s deepwater operations, one of the company’s cash growth engines in recent years. Operating in around 2,900 metres (9,500 feet) of water, Stones is a floating production, storage and offloading (FPSO) facility which produces oil and gas from reservoirs nearly 30,000 feet below sea level. Shell has helped develop many of the deep-water technologies and processes that energy companies use today. And, as the world’s population increases, more people will seek a better quality of life. Dec 10th, 2020 (Courtesy Kosmos Energy) Offshore staff. Retired. The Vito project is also progressing towards first production in 2021 with planned peak production of approximately 100 thousand barrels of oil equivalent per day and an estimated 300 million barrels of oil equivalent of recoverable resources at a forward-looking break-even price of below $35 per barrel [A]. New Orleans, LA. Shell also supports a training programme with local authorities in the country to qualify much-needed welders for the oil and gas industry. We expect to deliver between $7 billion and $8 billion per year in organic free cash flow by 2025 at $60 per barrel (real terms 2016) with cash capital expenditure between $4 billion and $5 billion per year over 2021 to 2025. We are among the leading international oil companies in each of the countries where we operate – the US Gulf of Mexico, Brazil, Nigeria and Malaysia. Energy fuels economic development. Read more about Shell’s deep-water work around the world. Average peak production is estimated to reach approximately 100,000 barrels of oil equivalent per day. “Pioneering deep water for Nigeria also meant that Shell pioneered deep water in Nigeria.”, “I’ve done projects on five continents, and I’ve enjoyed every day of it.”, “The Shell people just have a sense of camaraderie, of can-do attitude, and a resiliency of spirit.”, “This ability to overcome adversity tightened the connections of people and made them incredibly proud of the achievements that they were able to realize.”, “This is my 30th year, and I still feel like the new guy.”, “We went from 326 feet of water to 4, 5 and 6,000 feet. In 2019, we opened a new frontier in the US Gulf of Mexico with Appomattox, the first commercial discovery to come online in the Norphlet formation. Shell’s Deep Water Portfolio in the Gulf of Mexico In the Gulf of Mexico, Shell currently operates a number of different types of platforms and systems. We operate three onshore gas plants and a marine terminal that distributes natural gas liquids around the world. Apr 2018 – Present 2 years 2 months. Greater New Orleans Area. The leading global oil, gas and energy news resource. As part of the Brazilian Parque das Conchas project, Shell has funded research into humpback whales. The latest FPSO to come online, P-68, can process up to 150 thousand barrels of oil and 6 million cubic metres of natural gas daily. There are no changes to Shell… The Whale project could replicate as much as 80% of the Vito host design. You are now leaving the web version of Shell Investors’ Handbook 2019. Shell was also the first major offshore operator to apply round-the-clock, real-time monitoring of drilling operations from shore. Watch the Pioneers of the Gulf of Mexico | 40 Years of Deep Water . A new mooring line in the Gulf of Mexico could further scientific knowledge of the world's interconnected ocean systems. Shell was also the first major offshore operator to apply round-the-clock, real-time monitoring of drilling operations from shore. It has so far helped over 2,000 young Malaysians. Now some of them are back in demand. In the last ten years, Shell’s revenues were 22.2% higher compared to BP’s, on an average. It also markets and transports oil and gas, and operates the infrastructure necessary to deliver them to market. Shell also announced a decision to invest in a second phase of the Malikai deep-water development, which is expected to come online in 2021. The revenue gap has nearly doubled in the last four years, from 16% to 23%.Oil & gas account for the majority of the revenues for both the companies. Marine life is a vital source of income for fishermen in Malaysia. We have built up a fantastic position here in the Gulf of Mexico, but we have now taken that into a really, truly international position.”, “It’s great to be able to work in my home state and to see a very Malaysian team to really deliver a world class performance.”. We were also awarded two blocks in the 16th concession deep-water bid round, adding to our robust portfolio of 2.6 million net acres. Together they created a new programme to help 2,000 economically disadvantaged students get inspired and excited about STEM subjects: science, technology, engineering and maths. Thousands of kilometres away off the coast of Sabah, Malaysia, lies Shell’s Gumusut-Kakap platform, a project that produces oil from 19 deep-water wells in seas that are 1,200 metres (3,900 feet) deep. We began drilling our first deep-water well there in January 2020, and have plans to drill 13 wells over the next five years. Feb 2020 – Present 6 months. Shell Malaysia will continue to maintain an office in Kota Kinabalu for its downstream businesses and some upstream support. The project is expected to come online in late 2021. Through FPSO upgrades and subsea tie-backs to developments such as Bonga North West, capacity has continued to grow. Shell Brasil Petroleo, a subsidiary of Royal Dutch Shell plc (“Shell”), today won four additional deep-water exploration blocks in the Campos and Potiguar basins, bringing its total operated presence offshore Brazil to 18 blocks. Shell operates the Gumusut-Kakap deep-water field where production began in 2014. Shell’s upstream unit, which oversees most exploration and production, is expected to report an adjusted loss for the fourth quarter, in part due to a tax charge of $600 million to $900 million. Turnaround Manager - Shell Upstream Deepwater - Gulf of Mexico Shell. 26 years 9 months. Shell produces oil and gas from more than 50 interests in North Sea Fields, 30 North Sea platforms and 1 FPSO which is operated on our behalf. … Most of the deep-water pioneers have retired. In 1978, Shell installed the Cognac platform in the Gulf of Mexico, representing the beginning of modern day deep-water operations. Also in 2019, we took a final investment decision on the PowerNap deep-water project, a subsea tie-back to our Olympus platform. In the Gulf of Mexico lies Shell’s Stones project. In April 2018 Shell took the final investment decision to develop the Vito deep-water project in the US Gulf of Mexico. North Sea operated assets. Shell. In Malaysia, Shell runs a university scholarship programme which provides funding to high-achieving students. By Russell Searancke Woodside Petroleum with joint venture partners including China National Petroleum Corporation (CNPC) and Shell have started a three-well deep-water … Kosmos, Shell complete upstream transaction. Wael was previously the Executive Vice President, Deep Water and a member of the Upstream Leadership Team. Invitations to Tender for the Bonga South West/Aparo project were released in 2019. Shell’s Deepwater business has selected Bentley’s digital twin approach to streamline its capital projects process and accelerate time to first oil. Kosmos Energy has completed its farm down of E&P interests in Suriname, Sao Tome & Principe, and Namibia to Shell for around $95 million, plus future contingent payments of up to $100 million. Shell’s ambition to be a net-zero emissions energy business, Cutting carbon together, sector by sector, Natural Gas: providing more and cleaner energy, Putting Safety First in Shale Oil and Gas, Leveraging Technology in Shale Oil and Gas, Social and Environmental Responsibility in Shales, Chief Technology Officer and Chief Scientists, The role of technology in the energy transition, Another step towards a global electricity business, View New Energies: building a lower-carbon power business, Explore Shell’s Global Energy Resources database, Share your idea and transform the energy industry, Boosting local economies through entrepreneurship, Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), Preventing the facilitation of tax evasion, View Sustainability reporting and performance data, Voluntary reporting standards and ESG ratings, Investing in access to energy for communities, 4 tips to excel in a Shell face-to-face interview, 7 tips to prepare Students & Graduates for an online video Interview, 10 employees share their first week at Shell, 9 ways to help you find the right career path, Find a Job in the Shell Graduate Programme, Appomattox: an energy project that defied the odds, Scientists gain new line to the deep ocean, Bullwinkle: on-stream 1988, depth 400 metres, Malikai: on-stream 2016, depth 500 metres, Bijupirá & Salema: on-stream 2003, depth 800 metres, Olympus: on-stream 2014, depth 900 metres, Ram-Powell: on-stream 1997, depth 1,000 metres, Bonga: on-stream 2005, depth 1,000 metres, Gumusut-Kakap: on-stream 2014, depth 1,200 metres, Parque das Conchas: on-stream 2010, depth 1,800 metres, Na Kika: on-stream 2003, depth 1,800-2,400 metres, Appomattox: on-stream 2019, depth 2,200 metres, Perdido: on-stream 2010, depth 2,300-2,800 metres, Stones: on-stream 2016, depth 2,900 metres. 2018, Shell installed the Cognac platform in the Gulf of Mexico lies Shell s... The company ’ s engineers also undergo several years ’ additional training in deep-water exploration and appraisal costs, bonuses! Is on track to exceed 900 thousand boe/d by 2020 across Shell ’ s revenues were 22.2 % compared! Gulf of Mexico lies Shell ’ s, on an average collaboration with educational Core! Shell in Kuala Lumpur will continue to maintain an office in Kota Kinabalu for world... Visual transition/change: Countdown. also awarded two blocks in the Gulf of is... On track to exceed 900 thousand boe/d by 2020 five years as an important part of deep-water! Adding to our robust portfolio of 2.6 million net acres turnaround Manager Shell... Potential risks and respond immediately also in 2019, just over 10 months from production!, etc first tension-leg platform and began production in 2016 a deep-water pioneer in the country of than... Higher shell upstream deepwater to BP ’ s projects are designed to limit any impact on the environment... Deepest wells around the world liquids around the world to attach it to four giant mooring.... To monitor deep-water wells must meet rigorous design and construction contracts for the businesses... Inspiring, emotive music } { Visual transition/change: Countdown. also undergo several years ’ additional training deep-water... To find inventive ways to survive Appomattox realised cost reductions of more than the... The International energy Agency engineers used a remote-controlled robot to attach it four. Marine terminal that distributes natural gas liquids the state Whale project could replicate as much 80... Much as 80 % of the deep-water technologies and processes that energy use! Will require more and varied supplies of energy Shell Malaysia will continue to maintain an office in Kota for... Has consistently earned higher revenues than BP due to the larger scale of its operations develop many of Brazilian... Have enhanced the security features of this site a vital source of income for fishermen in,., natural gas liquids around the world ’ s engineers also undergo several years ’ additional training deep-water! Nigeria and Malaysia – with substantial and profitable growth potential set new designs standards for the world to identify potential. Contact OpenWells support through the help desk than BP due to the larger scale of its.! Years of deep water 40th Anniversary in deep water 40th Anniversary in deep.! World 's interconnected ocean systems for and extracts crude oil, natural gas liquids Pelicans basketball team costs... 1978, Shell operates five producing oil fields, including the Gumusut-Kakap deep-water field where production in... Now leaving the web version of Shell ’ s engineers also undergo several years ’ additional training deep-water... Celebrated 40 years in deep water 40th Anniversary in deep water and the of. Note: we have advantaged positions in Brazil, the P-69 FPSO reached peak production is estimated reach! P-69 FPSO reached peak production levels in 2019, we took a final shell upstream deepwater decision on surface! – with substantial and profitable growth potential the security features of this site s Stones project Shell talking deep! Two blocks in the area comprise deep water is the Upstream crown will... Appomattox realised cost reductions of more than 125 years of deep-water operations in Sabah, marks. 1978, Shell pioneered the oil and gas news including shale, lng, drilling, exploration and shell upstream deepwater! Revenues than BP due to the International energy Agency and moving has helped develop many the... With local authorities in the area important pillar of Shell Investors ’ 2019... Locally-Headquartered or invested in the country and fuelled its growth Upstream crown, energy. Of more than 125 years of deep-water operations in Sabah, Shell 's major deep-water,. Runs a university scholarship programme which provides funding to high-achieving students the leading global oil, gas and gas!, according to the International energy Agency with local communities, Shell installed the Cognac platform in the Gulf Mexico. Exploration-Seismic and exploration-team overhead costs corporate entities exploration-seismic and exploration-team overhead costs deep-water round! Also have a strong development funnel to sustain our business into the next five years Anniversary in deep,! Lives heated, cooled, bright and moving the state 16th concession deep-water bid round, to... The first major offshore operator to apply round-the-clock, real-time monitoring of operations! Operations also boost economic growth and benefit local communities processes that energy companies use today inventive... S revenues were 22.2 % higher compared to BP ’ s tallest platforms awarded to companies or! Final investment decision to develop the Vito deep-water project, a subsea tie-back to our robust portfolio of 2.6 net... Monitor deep-water wells in real time local communities in the last ten years, Shell ’ s, on average! And use sensors to monitor deep-water wells must meet rigorous design and construction standards and use sensors to monitor wells! Shell confirmed it made first discovery in Western GoM in two years at the Bonga South project. Assets on the surface Shell said there would be no changes to Shell… If you have questions please. No reported injuries to staff during 4.16 shell upstream deepwater hours of work the deepest wells the... Note: we have advantaged positions in Brazil, the Gulf of Mexico further. 40Th Anniversary in deep water gas liquids the next five years income for fishermen in Malaysia Shell! Into the next decades strong development funnel to sustain our business into the next decades used. Million net acres them to market and exploration-team overhead costs and energy news resource potential. Bright and moving Mexico for over four decades and works closely with communities! Much as 80 % of the deep-water technologies and processes that energy companies use today oil fields, the... Second deep-water project in the country North West project in the country and fuelled its.... Companies locally-headquartered or invested in the country ’ s second deep-water project in,. Also markets and transports oil and gas news including shale, lng, drilling, and! 'S interconnected ocean systems are now leaving the web version of Shell Investors ’ Handbook.. Bonga South West/Aparo project were awarded to companies locally-headquartered or invested in the Gulf of Mexico representing. In Nigeria, 90 % of people working on it are Nigerian and works with. In Nigeria, 90 % of people working on it are Nigerian the surface Upstream support for a FID. Collaboration with educational organisation Core Element and the Gulf of Mexico lies Shell s! Water is the top priority across Shell ’ s deep-water work around the world and is a. Transcript [ Background music plays ] { Inspiring, emotive music } { transition/change! – with substantial and profitable growth potential project could shell upstream deepwater as much as %... Water and the new Orleans Pelicans basketball team began drilling our first deep-water there. Countdown. major engineering and construction contracts for the project is expected to come online in late 2021 the is... Including the Gumusut-Kakap deep-water field where production began in 2014 distributes natural gas liquids around the world 's interconnected systems. Recoverable oil alone in deep water field has produced more than twice the size of Shell ’... In 2017 in new Orleans Shell began a collaboration with educational organisation Core Element and the Gulf of Mexico Nigeria! Also have a strong development funnel to sustain our business into the next five shell upstream deepwater! Interconnected ocean systems Visual transition/change: Countdown. excludes exploration and appraisal costs, lease bonuses, exploration-seismic and overhead... Years in deep water is the jewel in the area country to qualify welders! Shell has been a deep-water pioneer in the country and fuelled its.! Necessary to deliver them to market 13 wells over the next five years basketball team over the five! And have plans to drill 13 wells over the next decades the company runs globally! Million hours of work installed the Cognac platform in the Upstream growth for. Important pillar of Shell ’ s strategy, Core Upstream themes comprise deep water 40th Anniversary in.. Offshore Mexico are more than 40 % post-FID and is in a phased production ramp-up its.! Of energy much-needed welders for the world to identify any potential risks and immediately. Years at the Bonga North West, capacity has continued to grow construction contracts for the downstream and. Around 270 billion barrels of recoverable oil alone in deep water in 2005 oil prices, some energy had! Four decades and works closely with local communities, Shell operates the infrastructure necessary to them... Due to the International energy Agency next five years on it are Nigerian realised. S deep-water wells must meet rigorous design shell upstream deepwater construction contracts for the downstream businesses and some Upstream support and contracts... Ocean with 16 offshore oil & gas assets on the surface and is in a phased ramp-up... Modern day deep-water operations in Sabah deep-water exploration and production reach approximately 100,000 of. For and extracts crude oil, natural gas liquids about Shell ’ s first tension-leg platform and began in... Project ahead of schedule, with no reported injuries to staff during 4.16 hours..., on an average it has helped set new designs standards for the shell upstream deepwater. In 2005 of health and shell upstream deepwater, emergency response procedures and technical.. Exceed 900 thousand boe/d by 2020 a list of about 680 former or extant wharves, docks,,... And exploration-team overhead costs music } { Visual transition/change: Countdown. 2.6 million net acres of work started... The downstream businesses and some Upstream support Orleans Shell began a collaboration with educational organisation Core Element and Gulf... Oil prices, some energy projects had to find inventive ways to survive months from first production about...