North Sea
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Royal duo could add over 130 million bbl of reserves -
Nearly 150 workers have been evacuated or are due for evacuation from Shell's Shearwater project in the North Sea since a COVID-19 outbreak emerged at the end of June, the company said.
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The semisubmersible will begin North Sea work in early 2022.
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The North Sea project is set to include 23 subsea, oil-producing wells tied into four subsea templates to tap an estimated 200 million bbl of oil.
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The operator is exercising its right of first refusal, negating the previously announced deal with a private equity group.
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Operator will use polymerized water into reservoir to boost oil and gas recovery.
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UK major offloads North Sea stake to Tailwind Energy as it continues to adjust its portfolio in the region.
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Follow-up well could help prove up 100-million bbl find.
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Standalone or subsea development options remain in play.
