There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico with a forward looking break-even price estimated to be less than $35 per barrel. Vito is the first primary example of going for more and more competitive resilience. Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting, and topsides design. Accordingly, this typically excludes exploration and appraisal costs, lease bonuses, exploration seismic and exploration team overhead costs. Side view, close-up of Eirik Sorgard talking about the construction of Vito. Since then Shell and its partners share the working interests in Vito as following: – Shell 55% is the operator Close-up, side view of Kurt Shallenberger talking about the future of Vito. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s Form 20-F for the year ended December 31, 2017 (available at www.shell.com/investor and www.sec.gov ). Shell Helix Fully Synthetic Motor Oils. Text displays next to diagram: VITO IS MORE THAN 4000 FT BELOW SURFACE. We’re not just competing with our history, we are competing with the best that the world has to offer. Animated diagram of drilling platform at sea level showing the depth the drills go beneath water. SAE 10W-60. As this project is expected to be multi-decade producing, the less than $35 per barrel projection will not be reflected either in earnings or cash flow in the next five years. Animated drawing showing a drilling platform being built. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this release. Located over four blocks in the Mississippi Canyon area, the Vito development will consist of asemisubmersible host facility and eight subsea wells with deep (18,000 ft) in-well gas lift. Shell Houston campus caps 2018 with a win for conservation. Shell first oil and gas from Bardolino Oct 07, 2010 Shell U.K. Limited (Shell) has started producing oil and gas from the Bardolino field in the Central North Sea. Close up side view of Kurt Shallenberger talking. Take a closer look at the journey of Vito to a final investment decision in the video below. As this project is expected to be multi-decade producing, the less than $35 per barrel projection will not be reflected either in earnings or cash flow in the next five years. 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With 40-years of Shell leadership in deep water, Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. An arrow moves from New Orleans to where Vito is to be sited 150 miles South East of New Orleans. Article №: 15669E. First oil is scheduled for 2021. Shell is a global group of energy and petrochemical companies. Over the past 100 years, Shell has continued to help preserve and protect our communities through conservation projects and initiatives. This is "SHELL APPOMATTOX: FIRST OIL" by Cam Hassman on Vimeo, the home for high quality videos and the people who love them. In the offshore business there are pivotal moments: Cognac, Bullwinkle, Auger, Perdida. Artist’s impression of drilling platform in yellow against a vivid blue sky. Animated view of drilling platform being built. These risk factors also expressly qualify all forward-looking statements contained in this release and should be considered by the reader. With global production progressing to more than 900,000 boe per day, Shell has deep-water projects and opportunities in the U.S., Brazil, Nigeria, Malaysia, and Mexico. Animated drawing showing a drilling platform being built. What is Shell's Net Carbon Footprint ambition? First oil is slated for 2021. Shell Vito. Find out how to contact our Media Relations team across the world. Animated view of drilling platform being built. A shot of sun going down, reflected on surface of sea. SAE 10W-30. Shell, the operator of Vito with 63.1% interest, and partner Statoil (36.9%), remain committed to progressing the Vito development towards a final investment decision in 2018, a company spokesperson told OE. Animated diagram of drilling platform at sea level showing the depth the drills go beneath water. A bank of monitors is behind him. Aerial views of different drilling platforms at sea. Six more development wells will subsequently come on stream, raising the production capacity of the field. Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. Shell made the discovery, one of its largest exploration finds in the past decade in U.S. Gulf of Mexico, back in February 2018. The estimated peak production and current estimated recoverable resources presented above are 100% total gross figures. Shot changes to show a coastline map with New Orleans pinned in red. The Vito development will be Shell’s 11th deep-water host in the Gulf of Mexico. With global production progressing to more than 900,000 boe per day, Shell has deep-water projects and opportunities in the U.S., Brazil , Nigeria , Malaysia , and Mexico . Investor Relations International: +31 70 377 4540 North America: +1 832 337 2034, Media Relations International: +44 207 934 5550 US & Brazil: +1 832 337 4355. Side view, close-up of Eirik Sorgard talking about the construction of Vito. A bank of monitors is behind him. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. Vito is expected to reach peak production of approximately 100,000 barrels of oil equivalent (boe) per day, which represents a significant contribution to our continued growth in the Gulf of Mexico. “Our ability to advance this world-class resource is a testament to the skill and ingenuity of our development, engineering and drilling teams.”. Vito is another pivotal moment but not about going deeper but making it affordable and repeatable. Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. Wael Sawan sits facing camera. Comprising a single topsides module supported by a four-column semisubmersible floating hull, the Vito FPU is designed with a throughput capacity of 100,000 b/d of oil and 100 MMscf/d of gas. View over the sea at Sunrise. Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. 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View over the sea at Sunrise. The development currently has an estimated, recoverable resource of 300 million boe. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Front view of Kurt Shallenberger facing camera. Each forward-looking statement speaks only as of the date of this release, April 24, 2018. All ground-breaking moving deep water. Vito is located over Mississippi Canyon Blocks 940, 941, 984 and 985, and is a 1000ft … VITO Oiltester Change your oil as needed - never too early, never too late. Close-up, side view of Kurt Shallenberger talking about the future of Vito. The forward-looking breakeven price is calculated based on our estimate of resources volumes that are currently classified as 2p and 2c under the Society of Petroleum Engineers’ Resource Classification System. Download the Infographic. Artist’s impression of drilling platform in yellow against a vivid blue sky. Closer shot of part of drilling platform with sign on side with AUGER in large red letters. Learn more about Shell on our global website. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. SAE 10W-40. SAE 15W-50. The first phase of development includes two subsea wells tied back to a floating production storage and offloading (FPSO) vessel. We’re not just competing with our history, we are competing with the best that the world has to offer. Side view of Edwin Verdonk talking about Vito. Shell invests in the Vito development in the Gulf of Mexico. The Vito field was discovered in 2009, 12mi from the Shell-operated Mars tension leg platform. The Vito field is more than 4,000 feet deep in the Gulf and is located about 150 miles southeast of New Orleans. The development currently has an estimated, recoverable resource of 300 million boe. This team has the opportunity to take their creativity and really be the pace-setters for what’s to come in deep water. 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No assurance is provided that future dividend payments will match or exceed previous dividend payments. The Vito development is owned by Shell Offshore (63.11% operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 feet of water, approximately 150-miles southeast of New Orleans. The project’s pace has slowed and an investment decision has been put off to next year, a Chevron spokeswoman said. Estimated recoverable resources are 300 MMboe. All forward-looking statements contained in this release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Located over four blocks in the Mississippi Canyon area of the Gulf of Mexico, the Vito development will consist of eight subsea wells with deep (18,000 feet) in-well gas lift. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. With 40-years of Shell leadership in deep water, Vito will be Shell’s 11th deepwater host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Average peak production is estimated to reach approximately 100,000 barrels of oil equivalent per day. First oil from the Vito oilfield is expected in 2021. Credit: Jumbo. Vito is another pivotal moment but not about going deeper but making it affordable and repeatable. Keep up to date with developments at Shell via email alerts, Twitter or other social media. This is the minimum scope that is required, question ourselves have we added functionalities that we really don’t need, and also it is one of those core beliefs that simpler is safer. SAE 5W-50. Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35 per barrel. Front view of Kurt Shallenberger facing camera talking about Vito. In April 2018 Shell took the final investment decision to develop the Vito deep-water project in the US Gulf of Mexico. Shot changes to a close-up, side view of him. After this discovery and releasing the drilling rig, Anadarko transferred the operatorship in Vito to Shell. It is currently scheduled to begin producing oil in 2021 and has estimated recoverable resources of 300 million boe. SAE viscosity grade for engine oil for MERCEDES-BENZ VITO. The field lies in 4,000ft of water and spans four blocks within the Mississippi Canyon area, namely blocks 940, 941, 984 and 985. Shell is a major contributor of innovations that continue to shape the deep water oil and gas industry. With global production progressing to more than 900,000 boe per day, Shell has deep-water projects and opportunities in the U.S., Brazil, Nigeria, Malaysia, and Mexico. In July 2009, Anadarko discovered Vito in the Block MC 984 by 1,234 meters of water depth and 9,449 meters of total depth. In the foreground the hook of a crane rises. Vito will be Shell’s 11th deep-water project in the area. A shot of sun going down, reflected on surface of sea. Read more about Vito There is the philosophy that went into constructing it. There is the philosophy that went into constructing it. “Elizabeth appreciated that our experience had some value, that we had seen a lot of stuff,” says Diegel. Shell Helix fully synthetic oils are manufactured from 100% synthetic base stock and high quality additives to achieve higher performance levels than both synthetic technology and mineral oils. Oil major Shell is working on making a Final Investment Decision in 2020 on its large deepwater Gulf of Mexico oil find named Whale. Darylene Harris Recognized in Faces of Diversity, Shell Invests in the Vito Development in the Gulf of Mexico, April 24, 2018, Shell Invests in the Vito Development in the Gulf of Mexico, Shell Offshore Inc. (63.11% operator) and Statoil USA E&P Inc. (36.89%). Vito is expected to reach peak production of approximately 100,000 barrels of oil equivalent (boe) per day, which represents a significant contribution to our continued growth in the Gulf of Mexico. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. 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