Key facts

Location: Gulf of Mexico, 240 kilometres (150 miles) southeast of New Orleans

Depth: 1,219 metres (4,000 feet)

Interests: Shell (63% operator) and Statoil USA E&P Inc. (37%)

Fields: Vito

Production: An estimated 100,000 barrels of oil equivalent (boe) per day at peak production

Project overview

In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico with a forward looking break-even price estimated to be less than $35 per barrel.

Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project in the area. It is currently scheduled to begin producing oil in 2021.

Vito is expected to reach peak production of approximately 100,000 barrels of oil equivalent (boe) per day, which represents a significant contribution to Shell’s continued growth in the Gulf of Mexico. The development currently has an estimated, recoverable resource of 300 million boe.

Read about how two deep-water geologists came out of retirement to help make the Vito project happen.

Strategic design

In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. 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.

Deep-water milestones

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