Royal Dutch Shell has started production at the world’s deepest underwater oil and gas field, 1.8 miles beneath the sea surface in the Gulf of Mexico. Major projects the group is working on include Coulomb Phase 2 and Appomattox in the Gulf of Mexico and Malikai off the coast of Malaysia. At Stones, oil and gas is pumped from several points on the sea bed through flexible riser pipes to a specialised tanker, incorporating a detachable 3,150-tonne buoy. Meanwhile, 20% of the Van Beurden’s bonus is still tied to delivering major new production projects, such as Stones. A further 30% is linked to the group’s ability to generate cash, while 12% of the bonus depends on production volumes.

Source: The Guardian September 11, 2016 16:16 UTC