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Production commences at Shell's Stones, the world's deepest oil and gas project

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Report summary

On 6 September 2016 Shell announced first production from the Lower Tertiary Stones field. Stones produces via the second FPSO to operate in the Gulf of Mexico. Eight wells are expected to come online through 2019. We estimate total reserves of 250 mmboe with a remaining value of US$1 649 million (NPV10) and a point forward breakeven oil price of US$41/bbl Brent.

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    Production commences at Shell's Stones, the world's deepest oil and gas project

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  • Stones field
  • Value and return improvements from a 20% decrease in D&C

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