In this release “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Darylene Harris Recognized in Faces of Diversity, Shell Invests in the Vito Development in the Gulf of Mexico, April 24, 2018, Shell Invests in the Vito Development in the Gulf of Mexico, Shell Offshore Inc. (63.11% operator) and Statoil USA E&P Inc. (36.89%). This is the minimum scope that is required, question ourselves have we added functionalities that we really don’t need, and also it is one of those core beliefs that simpler is safer. Melodic instrumental music featuring strings. For illustration only / Vito platform render – Source: Shell. Vito oilfield was originally planned to be developed as a satellite field tied-back to the Appomattox development, but was later deemed to require its own production infrastructure owing to its size. The Vito development will be Shell’s 11th deep-water host in the Gulf of Mexico. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. SAE 10W-30. Aerial views of different drilling platforms at sea. The estimated peak production and current estimated recoverable resources presented above are 100% total gross figures. Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this release. Close up side view of Kurt Shallenberger talking. Shell Helix Ultra with PurePlus technology. A shot of sun going down, reflected on surface of sea. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. SAE 20W-50. The forward-looking breakeven price presented above is calculated based on all forward-looking costs associated from FID. Front view of Kurt Shallenberger facing camera. In the offshore business there are pivotal moments: Cognac, Bullwinkle, Auger, Perdida. This team has the opportunity to take their creativity and really be the pace-setters for what’s to come in deep water. Vito is another pivotal moment but not about going deeper but making it affordable and repeatable. Erik Sorgard, facing camera talking about Vito project. The project’s pace has slowed and an investment decision has been put off to next year, a Chevron spokeswoman said. Front view of Kurt Shallenberger facing camera. * The forward-looking breakeven price presented above is calculated based on all forward-looking costs associated from FID. First oil from the Vito oilfield is expected in 2021. Credit: Jumbo. Vito is expected to reach peak production of approximately 100,000 barrels of oil equivalent (boe) per day, which represents a significant contribution to our continued growth in the Gulf of Mexico. The Vito development is owned by Shell Offshore (63.11% operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 feet of water, approximately 150-miles southeast of New Orleans. In the foreground the hook of a crane rises. An arrow moves from New Orleans to where Vito is to be sited 150 miles South East of New Orleans. Testing devices VITO FT 440 Change your oil as needed - never too early, never too late. In the foreground the hook of a crane rises. Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. Animated view of drilling platform being built. Vito will be Shell’s 11th deep-water project in the area. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s Form 20-F for the year ended December 31, 2017 (available at www.shell.com/investor and www.sec.gov ). EAN: 4008177111624. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. 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There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting, and topsides design. This is the minimum scope that is required, question ourselves have we added functionalities that we really don’t need, and also it is one of those core beliefs that simpler is safer. VITO XL VITO XL - the world‘s most innovative vacuum filtration system! Article №: 15669E. VITO oil filter systems save up to 50% costs simply by cleaning the frying oil, shortening or any other frying medium. With 40-years of Shell leadership in deep water, Vito will be Shell’s 11 th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. In April 2018 Shell took the final investment decision to develop the Vito deep-water project in the US Gulf of Mexico. Animated drawing showing a drilling platform being built. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project in the area. Distributed Energy Resources vs. Demand Response: What’s The Difference? As this project is expected to be multi-decade producing, the less than $35 per barrel projection will not be reflected either in earnings or cash flow in the next five years. The company managed to reduce costs on Vito by more than 70% by redesigning the project. Side view of Edwin Verdonk talking about Vito. “With a lower-cost developmental approach, the Vito project is a very competitive and attractive opportunity industry-wide,” said Andy Brown, Shell Upstream Director. We’re not just competing with our history, we are competing with the best that the world has to offer. In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico. Shell made the discovery, one of its largest exploration finds in the past decade in U.S. Gulf of Mexico, back in February 2018. CASTROL LL, EDGE TITANIUM FST Engine Oil 5W-30, Capacity: 5l, Synthetic Oil. Animated view of drilling platform being built. A shot of sun going down, reflected on surface of sea. If you’ve got questions, feedback or ideas you would like to share, send us a message or call us: Toll Free: +1 844 385 1614 Phone: +1 847 859 0398 Fax: +1 847 770 4701. Keep up to date with developments at Shell via email alerts, Twitter or other social media. I’m very proud of the Vito family we’ve created. In July 2009, Anadarko discovered Vito in the Block MC 984 by 1,234 meters of water depth and 9,449 meters of total depth. Each forward-looking statement speaks only as of the date of this release, April 24, 2018. Houston firm Gate Energy has won the commissioning contract for Shell’s Vito development in the Gulf of Mexico. Six more development wells will subsequently come on stream, raising the production capacity of the field. These terms are also used where no useful purpose is served by identifying the particular entity or entities. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Average peak production is estimated to reach approximately 100,000 barrels of oil equivalent per day. With global production progressing to more than 900,000 boe per day, Shell has deep-water projects and opportunities in the U.S., Brazil, Nigeria, Malaysia, and Mexico. Artist’s impression of drilling platform in yellow against a vivid blue sky. Close up side view of Kurt Shallenberger talking. This release contains forward-looking statements (within the meaning of the U.S. Animated drawing showing a drilling platform being built. Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35 per barrel. VITO Oiltester Change your oil as needed - never too early, never too late. Animated drawing showing a drilling platform being built. This decision sets in motion the construction and fabrication of a new, simplified host design and subsea infrastructure. Melodic instrumental music featuring strings. The Vito development is owned by Shell Offshore (63.11% operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 feet of water, approximately 150-miles southeast of New Orleans. Vito is the first primary example of going for more and more competitive resilience. April 24, 2018, Shell Invests in the Vito Development in the Gulf of Mexico. With 40-years of Shell leadership in deep water, Vito will be Shell's 11 th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. No assurance is provided that future dividend payments will match or exceed previous dividend payments. After this discovery and releasing the drilling rig, Anadarko transferred the operatorship in Vito to Shell. Accordingly, this typically excludes exploration and appraisal costs, lease bonuses, exploration seismic and exploration team overhead costs. With 40-years of Shell leadership in deep water, Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. A bank of monitors is behind him. Apr 24, 2018. Wael Sawan sits facing camera. This is "SHELL APPOMATTOX: FIRST OIL" by Cam Hassman on Vimeo, the home for high quality videos and the people who love them. Get in touch . SAE 10W-50 . There is the philosophy that went into constructing it. Front view of Kurt Shallenberger facing camera talking about Vito. Side view, close-up of Eirik Sorgard talking about the construction of Vito. Shell, the operator of Vito with 63.1% interest, and partner Statoil (36.9%), remain committed to progressing the Vito development towards a final investment decision in 2018, a company spokesperson told OE. With 40-years of Shell leadership in deep water, Vito will be Shell’s 11 th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. We’re not just competing with our history, we are competing with the best that the world has to offer. After 4:30 minutes your oil is clean, due to fully automatical frying oil filtration. View over the sea at Sunrise. Vito is the first primary example of going for more and more competitive resilience. With 40-years of Shell leadership in deep water, Vito will be Shell’s 11th deepwater host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. SAE 10W-40. Shell Vito. For now we have a project that is robust, that we can execute and we can get on production by 2021. Close-up, side view of Kurt Shallenberger talking about the future of Vito. The Vito development is owned by Shell Offshore Inc. (63.11% operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 feet of water, approximately 150-miles southeast of New Orleans. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. The forward-looking breakeven price is calculated based on our estimate of resources volumes that are currently classified as 2p and 2c under the Society of Petroleum Engineers’ Resource Classification System. Located over four blocks in the Mississippi Canyon area of the Gulf of Mexico, the Vito development will consist of eight subsea wells with deep (18,000 feet) in-well gas lift. Shell is a global group of energy and petrochemical companies. Animated diagram of drilling platform at sea level showing the depth the drills go beneath water. It is currently scheduled to begin producing oil in 2021. Shell Helix fully synthetic oils are manufactured from 100% synthetic base stock and high quality additives to achieve higher performance levels than both synthetic technology and mineral oils. All ground-breaking moving deep water. With 40-years of Shell leadership in deep water, Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. Shot changes to show a coastline map with New Orleans pinned in red. Vito is expected to reach peak production of about 100,000 boe/d. SAE 5W-30. 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