Shell invests in Sparta development in Gulf of Mexico

Shell Offshore, a subsidiary of Shell (SHEL), announced the Final Investment Decision for Sparta, a deep-water development in the U.S. Gulf of Mexico. 51%-owned by Shell Offshore Inc. and 49%-owned by Equinor Gulf of Mexico LLC (EQNR), Sparta is expected to reach a peak production of approximately 90,000 barrels of oil equivalent per day and currently has an estimated, discovered recoverable resource volume of 244M boe. Sparta will be Shell’s 15th deep-water host in the Gulf of Mexico and is currently scheduled to begin production in 2028. “Shell’s latest deep-water development demonstrates the power of replication, driving greater value from our advantaged positions,” said Zoe Yujnovich, Shell’s Integrated Gas & Upstream Director. “This investment decision is aligned with our commitment to pursue the most energy-efficient and competitive projects while supplying safe, secure energy supplies today and for decades to come.”