Shell subsidiary Shell Offshore Inc. said Feb. 22 it had started production at Rydberg, a subsea tieback to its operated Appomattox production hub in the Gulf of Mexico.
Rydberg, located in the Mississippi Canyon Block 525 area of the Gulf of Mexico, is expected to produce 16,000 boe/d at peak.
Rydberg is in about 7,450 ft water depth and holds an estimated 38 MMboe of recoverable resources. While Rydberg was originally discovered in 2014, Shell didn’t reach final investment decision on the project until 2022.
Shell developed the field using two production wells that produce through a single insulated 12-mile flowline to Appomattox, along with a dynamic umbilical.
The Appomattox production semisumbersible went online in 2019.
“Rydberg will further boost production in the Norphlet Corridor at Appomattox, which is consistently one of our highest producing assets,” Rich Howe, Shell deep water executive vice president, said in a press release.
Shell operates the leases containing the Rydberg discovery with 80% interest on behalf of partner CNOOC with 20% interest.
Shell operates Appomattox with 79% interest on behalf of CNOOC with 21% interest.
Recommended Reading
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
2024-04-05 - Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.
Genesis Energy Declares Quarterly Dividend
2024-04-11 - Genesis Energy declared a quarterly distribution for the quarter ended March 31 for both common and preferred units.
TC Energy Appoints Sean O’Donnell as Executive VP, CFO
2024-04-03 - Prior to joining TC Energy, O’Donnell worked with Quantum Capital Group for 13 years as an operating partner and served on the firm’s investment committee.