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News  ›  Benzinga

Shell Moves To Maximize Gulf Oil Returns With Fresh Kaikias Investment

Benzinga Logo Benzinga By Lekha Gupta
Shell Moves To Maximize Gulf Oil Returns With Fresh Kaikias Investment

Shell made a final investment decision on a waterflood project in the Kaikias field in the U.S. Gulf of America, aiming to enhance oil recovery and extend the Ursa platform's production life through water injection, with first injections expected in 2028.

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SHEL   neutral

Stock slightly down due to easing oil prices, but making strategic investment to extend production life and recover additional oil resources