Royal Dutch Shell (NYSE: RDS.A) announced yesterday that its subsidiary, Shell Offshore Inc., has restarted its production at Mars and Ursa platforms in the US Gulf of Mexico. The firm has started exporting oil and gas through a facility called West Delta-143 “A”.
The operations have been previously impacted by Hurricane Ida. “We are proud to have safely restored our full production in the US Gulf of Mexico, where the barrels are among the lowest GHG intensity in the world,” said the firm’s Upstream Director Zoe Yujnovich.
The firm has previously restarted production at its Olympus platform in the gulf, exporting oil and gas through West Delta-143 “C”. Mars and Olympus platforms are co-owned by Shell Offshore with BP Exploration & Production Inc. in a 71.5%-28.5% equity sharing. On the other hand, the Ursa platform is co-owned by Shell Offshore with BP Exploration & Production, ExxonMobil, and ConocoPhillips with equity sharing of 45.3884%, 22.6916%, 15.9600%, and 15.9600%, respectively.
The firm expects its operations in the gulf to be 100% back online once the Mars and Ursa platforms have fully been ramped up.
Royal Dutch Shell last traded at US$44.87 on the NYSE.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
