By Christian Moess LaursenShell has given the go-ahead for a deep-water oil-and-gas platform in the Gulf of Mexico. The project, named Sparta, is expected to reach peak production of around 90,000 barrels of oil-equivalent a day, while it currently has an estimated, discovered recoverable resource volume of 244 million BOE. Production it scheduled to start in 2028, the London-based energy company said late Tuesday. The development is 51% owned by subsidiary Shell Offshore and 49% owned by Norwegian peer Equinor, and will be Shell's 15th deep-water project in the Gulf. Write to Christian Moess Laursen at christian.moess@wsj.com(END) Dow Jones Newswires12-20-23 0214ET

Source: Wall Street Journal December 20, 2023 07:24 UTC