Llano (GB387) - Shell Offshore

Project Details

Location

The Llano (GB387) asset is located in the Federal offshore waters of the United States, specifically at the coordinates 27.6075, -92.2935 (WGS 84).

Operator and Owner

The project is operated by Shell, although the specific ownership details are not provided in the available sources.

Discovery and Production

• The Llano field was discovered in 1994.
• The exact year of the Final Investment Decision (FID) and the start of production is not specified in the available sources.

Production and Reserves

Current Status

The Llano (GB387) - Shell Oil and Gas Asset is currently operating.

Reserves

As of 2019, the remaining reserves for the asset are:

• Gas: 671.1 million m³
• Oil: 6.6 million barrels (bbl).

Production

• Cumulative Production (as of 2019):

  • Oil: 115.1 million bbl
  • Gas: 7,741.75 million m³.

• Annual Production:

  • 2020:
    • Oil: 2.13 million bbl/y
    • Gas: 473.0 million m³/y.
  • 2022:
    • Oil: 1.88 million bbl/y
    • Gas: 104.84 million m³/y.

Infrastructure and Development

Production System

The Llano field is developed using a subsea system that is tied back to Shell's Auger Tension Leg Platform (TLP) located on Garden Banks Block 426. The tieback distance is approximately 11.5 miles.

Economic and Operational Aspects

Operating Costs

While specific operating costs for the Llano (GB387) asset are not provided, offshore operations in the Gulf of Mexico, where this asset is located, are generally expensive due to factors such as water depth, structure type, and manned status. These costs include fixed and variable costs, direct and indirect costs, and capital expenditures.

Regulatory and Financial Considerations

The project is subject to various regulatory requirements and financial considerations, including lease operating expenses, workover and maintenance costs, insurance, and transportation and gathering costs. These are typical for offshore oil and gas operations in the Gulf of Mexico.

Summary

The Llano (GB387) - Shell Oil and Gas Asset is an operational offshore project in the Federal waters of the United States. It is part of Shell's portfolio and contributes to the oil and gas production in the Gulf of Mexico. The project utilizes a subsea system tied back to the Auger TLP and has significant reserves and production levels. The operational and economic aspects are typical of offshore projects in the region, involving high costs and complex regulatory and financial considerations.