Shell to develop deepwater PowerNap field

Shell Offshore expects production to begin in late 2021 from deepwater PowerNap oil and gas field in the gulf. It has made the final investment decision to develop the field with three subsea wells flowing into manifolds tied back to the Olympus hub.

190801 Shell Offshore Power Nap Map

Shell Offshore Inc. expects production to begin in late 2021 from deepwater PowerNap oil and gas field in the Gulf of Mexico.

It has made the final investment decision to develop the field with three subsea wells flowing into manifolds tied back to the Olympus production hub, which it operates.

PowerNap production is expected to reach 35,000 boe/d of oil and gas. Shell estimates the “forward-looking break-even price” at less than $35/bbl.

Discovered in 2014, the field is 4,200 ft of water in the south-central Mississippi Canyon area 150 miles from New Orleans.

Shell holds a 100% interest.

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