Shell Approves Waterflood Project at Kaikias Field in the US Gulf

Core Insights - Shell plc has made a final investment decision on a waterflood project at the Kaikias field to enhance supply at its Ursa production platform, aiming to increase recoverable resources [1][8] Group 1: Waterflood Project Details - The waterflood project is expected to increase recoverable resources by approximately 60 million metric barrels of oil equivalent on a P50 basis, classified as 2P resources [2] - The first water injection is scheduled for 2028, which will extend the productive life of the Ursa platform and support long-term liquids production [3] Group 2: Operational Context - Shell operates the Ursa platform with a 61.35% interest, alongside partners BP (22.69%) and ECP GOM III (15.96%) [3] - The Kaikias field, discovered in 2014 and began production in 2018, is located in water depths exceeding 4,000 feet [4]