Vito will be Shell’s 11th deep-water host in the Gulf of Mexico.
Oil major Shell has announced a final investment decision for the 100,000 barrel per day Vito development in the deepwater Gulf of Mexico off the coast of Louisiana.
Shell says the decision comes after a redesign of the project launched in 2015 reduced cost estimates by more than 70% compared to the original concept. Vito now has a break-even of less than $35 per barrel.
“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,” Shell said in a statement.
The final investment decision sets in motion the construction and fabrication of a new host design and subsea infrastructure.
The Vito development will be Shell’s 11th deep-water host in the Gulf of Mexico. It is currently scheduled to begin producing oil in 2021 and has estimated recoverable resources of 300 million boe.
The field is located in more than 4,000 feet of water over four blocks in the Mississippi Canyon area of the GoM approximately 150-miles southeast of New Orleans. It will consist of eight subsea wells with deep (18,000 feet) in-well gas lift.
Vito is owned by Shell Offshore Inc. (63.11% operator) and Statoil USA E&P Inc. (36.89%).
Vito is expected to reach peak production of approximately 100,000 barrels of oil equivalent (boe) per day, contributing to Shell’s global production which the company says is 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.
The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome opposition from some member states, four EU diplomats said.
(Bloomberg) — China disputed Germany’s accusation that one if its warships behaved dangerously toward a military aircraft in the Red Sea, an incident that Chancellor Friedrich Merz called “totally unacceptable.”...
Yemen's Houthis sank two cargo ships in the Red Sea this week, the first flare-up in seven months in the Iran-backed group's years-long campaign to choke global shipping in protest over the war in Gaza and the plight of the Palestinians.
July 10, 2025
Total Views: 615
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 109,088 professionals
Secure Your Spot
on the gCaptain Crew
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
— trusted by our 109,088 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.