Current RDS.A Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Shell Offshore Inc. makes final investment decision for PowerNap deep-water project in U.S. Gulf
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc (stock ticker: RDS-A, RDS-B), has reached a final investment decision (FID) for the PowerNap deep-water project in the US Gulf of Mexico, electing to move forward with an investment.

PowerNap is a subsea tie-back to the Shell-operated Olympus production hub.

The project, which is expected to begin production in late 2021, has the ability to produce up to 35,000 BOEPD at peak rates. Based on current estimates, the forward-looking breakeven price for PowerNap is $35 per barrel long-term, and it is currently estimated to cont...

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