Shell Offshore Inc., a subsidiary of Shell plc, has taken final investment decision (FID) to proceed with the Phase 3 Silvertip project, which will deliver two wells to boost production at the Shell-operated Perdido spar in the US Gulf of Mexico.
The wells, in the Silvertip Frio reservoir (Shell – 40%, operator; Chevron 60%), are expected to collectively produce up to 6,000 boe/d at peak rates, the operator said in a release Dec. 12. First production is expected in 2026. Current estimated recoverable resource volumes of Phase 3 Silvertip are 17 MMboe. The estimate of resource volumes is currently classified as 2P.
The Perdido production spar lies within Alaminos Canyon, about 200 miles offshore south of Galveston, Tex., in about 8,000 ft of water. Perdido’s production capacity is 125,000 boe/d at peak rates.
Shell is operator of the Perdido Regional Host (PRH) with 35% interest. Partners are Chevron USA Inc. (37.5%), 3C Perdido Holdings (26.5%), and bp PLC (1%).
