Project Profile
Location: 60 miles offshore, south of the Louisiana coast
Reserves: 100 million barrels of oil equivalent
Production: 40,000 boe/d
Water depth: 4575 feet
Start-up Year: - 2019
Kaikias is a high-value opportunity in the deep-water Gulf of Mexico, development potential could exceed 100 million barrels of oil equivalent recoverable. Kaikas is located in close proximity to existing Shell infrastructure in this deep-water Gulf of Mexico heartland. The discovery has reached a water depth of 4575 feet. Kaikias builds upon operator Shell’s exploration and development leadership position in the Mars-Ursa basin. Near field infrastructure to the Kaikias well presents opportunities for cost efficiencies – potentially reducing the overall development. Shell discovered Kaikias in August 2014, and appraisal drilling revealed more than 300 feet of net oil pay in August 2015. The development potential of Kaikias could exceed 100 million barrels of oil equivalent recoverable. The Mars-Ursa basin is characterized as having high quality oil in world-class quality reservoirs. Shell owns and operates three infrastructure hosts in the Mars-Ursa basin making it a key strategic hub.
Operators:
Shell: Operator with 80% interest
Mitsui & Co: 20% interest
Contractors:
Subcontractors: