- Technip Energies was awarded a contract on behalf of Caturus for the Commonwealth LNG project, which includes building an LNG export terminal in Cameron, Louisiana.
- Louisiana is shipping LNG sourced via pipelines from Texas and Pennsylvania, related to the Commonwealth LNG project.
- Shell holds interests in facilities in Louisiana, Texas, and the Monaca complex in Pennsylvania.
Shell Starts Production at Silvertip Project in Gulf of America
What happened
Shell has started production at Phase 3 of its Silvertip project in the Gulf of America. This development brings additional oil and gas volumes to the Perdido spar. The wells are located in the Silvertip Frio reservoir, where Shell holds a 40% working interest and serves as operator, alongside Chevron Corporation with 60%. The project has an estimated peak production of up to 6,000 barrels of oil equivalent per day.
From oedigital.com
Why it matters
The new production volumes contribute to the operation of the Perdido spar, which is situated in Alaminos Canyon, near Galveston, Texas. Shell is noted as the largest producing leaseholder in the Gulf of America.
Shell holds interests in facilities in Louisiana, Texas, and the Monaca complex in Pennsylvania, related to the Commonwealth LNG project.
From oedigital.com
Who's involved
- ShellOperator and 40% working interest holder in the Silvertip Frio reservoir
- Chevron CorporationHolds a 60% interest in the Silvertip Frio reservoir
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ShellSpeculative
Could see an increase in revenue from the new oil and gas production volumes in the Gulf of America
- Chevron CorporationSpeculative
Might see changes in costs or revenue related to its 60% interest in the Silvertip Frio reservoir
- Galveston CountySpeculative
May see increased local economic activity and tax revenue due to the new oil and gas production near the county