Shell kicks off production with Kaikias in Gulf of Mexico
https://www.chron.com/business/energy/article/Shell-kicks-off-production-with-Kaikias-in-Gulf-12959195.phpJune 1, 2018
...Kaikias represents more of the new wave of cost-efficient deepwater efforts moving forward in the Gulf. Through the use of pipeline and subsea umbilicals, the so-called tieback projects are connecting to existing platforms in order to avoid building new facilities that cost billions of dollars.
The Kaikias project and its first four wells, which weren't expected to come online until 2019, connect to Shell's Ursa platform in the Gulf and will use Shell's deepwater Mars pipeline to funnel oil and gas. Kaikias is located about 130 miles off of the Louisiana coast.
Shell says it reduced the project costs by about 30 percent, allowing Shell to make money on oil produced at crude prices of more than $30 a barrel. Oil production started this week and the first phase of Kaikias is expected to grow to 40,000 barrels of oil equivalent a day....