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Stones: A True Ultradeepwater Success Story

Monday, May 1, 2017

When it comes to the offshore industry, people need to hear a good story once in a while. The segment has been hammered in recent years, particularly since the 2014 downturn. But there are still positives coming out of this difficult sector.

One such case is Shell’s Stones Field, the deepest production facility in the world. “I’m on a number of industry committees, and one of the things that people keep saying is, ‘We really need to hear the Stones story because it’s such a positive story,’” said Curtis Lohr, project manager for Stones. “The industry needs to hear that story and wants to hear that story.”

Lohr added that the Paleogene play in the Gulf of Mexico (GoM) got a lot of people excited when oil was at $100/bbl. With oil prices more depressed, these ultradeepwater plays are riskier.

But Stones has stood out as an economically resilient project despite low prices and a challenging operating environment.

FULL ARTICLE

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