Shell’s New Waterflood Project Promises Boost to Gulf of Mexico Oil Output!
A significant step has been taken to enhance oil recovery at the Vito field in the US Gulf of Mexico. This ambitious water injection initiative aims to maximize the reservoir’s potential by injecting water into the formation, thus increasing oil displacement towards production wells. The process is slated to start in 2027 and is expected to significantly boost the volume capacity of the Vito field.
🔲 Highlights:
◾Advanced Recovery Method: Using waterflood technology, this project will re-pressurize the reservoir, enabling the efficient extraction of oil.
◾Economic and Environmental Impact: The project is expected to add 60 million barrels of oil equivalent (boe) while keeping emissions low.
◾Location and Scope: Situated 75 miles south of Venice, LA, the Vito field lies over 4,000 feet deep.
◾Historical Context: Redesigns in 2015 reduced CO2 emissions by 80% and operational costs by 70%.
◾Long-term Vision: Plans to stabilize production at 1.4 million barrels per day of liquids by 2030, reinforcing a commitment to sustainable practices.