Shell takes investment decision for phased wells campaign at Perdido in US Gulf of Mexico

After completion of this campaign in April 2025, these wells collectively are expected to produce up to 22,000 barrels of oil equivalent per day (boe/d) at peak rates.

“Shell is the leading operator in the US Gulf of Mexico, and we continue to find ways to build on that position,” said Rich Howe, Shell’s Executive Vice President for Deep Water. “By expanding our Perdido development, we continue to unlock the greatest value from this exceptional resource.”

This investment underscores Shell’s long-term commitment to the US Gulf of Mexico, where production is essential to ensuring a reliable and secure supply of energy. Additionally, production in the US Gulf of Mexico has among the lowest greenhouse gas (GHG) intensity in the world for producing oil.

Notes to editors

• Perdido, a production spar in the US Gulf of Mexico, began production in 2010. It is located approximately 200 miles south of Galveston, Texas in about 8,000 feet of water.
• The wells will be drilled in the Great White unit, where Shell Offshore Inc. is operator with 33.34% WI, with Chevron U.S.A. Inc. holding 33.33% WI, BP Exploration & Production Inc. holding 33.33% WI.
• This phased campaign includes three wells which combined are expected to produce up to 22 kboe/d at peak rates.
• Shell Offshore Inc. is operator of the Perdido Regional Host with 35% Working Interest (WI) in Perdido, with Chevron U.S.A. Inc. holding 37.5% WI, 3C Perdido Holdings LLC holding 26.5% and BP Exploration & Production Inc. holding 1% WI.
• Perdido’s production capacity is 125 kboe/d at peak rates.
• The reference to our U.S. Gulf of Mexico production being among the lowest GHG intensity in the world is a comparison among other IOGP oil-and gas-producing members.
• Shell is the leading operator in the U.S. Gulf of Mexico for oil and gas production.

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Shell’s net carbon intensity

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