"The Blacktip North prospect is the latest example of
discovering new resources in our advantaged corridors," said Paul
Goodfellow, Executive Vice President of Deep Water. "Our strategic
positions, like the Perdido Corridor, are at the heart of value creation in the
Gulf of Mexico, and they represent an opportunity to use our existing
infrastructure to unlock the full-value potential of our discoveries."
Blacktip, Blacktip North, and our Leopard discoveries are
all opportunities to increase production in the Perdido Corridor, where Shell's
Great White, Silvertip and Tobago fields are already producing. Earlier this year,
Shell announced a final investment decision for the Whale deep-water
development, also located in the Perdido Corridor. Whale is part of our Gulf of
Mexico portfolio, where our production is among the lowest greenhouse gas (GHG)
intensity in the world for producing oil.
Blacktip North is located in OCS block Alaminos Canyon (AC)
336, approximately 4.5 miles northeast of the recently appraised Blacktip
discovery, 25 miles northeast of the recently announced Leopard discovery, 30
miles northeast of the planned Whale host, and 42 miles from the Perdido host.
Shell's Powering Progress strategy to thrive through the
energy transition includes increasing investment in lower-carbon energy
solutions, while continuing to pursue the most energy-efficient and highest-return
Upstream investments. We will support this strategy through Exploration by
sustaining a strong pipeline of high-value, nearfield and core discoveries,
complemented by highly selective frontier plays.