Royal Dutch Shell Plc unveiled plans on July 26 to develop a new deepwater project in the U.S. Gulf of Mexico expected to reach peak production of around 100,000 boe/d.

The development, named Whale, is owned and operated by Shell in the Gulf of Mexico’s Alaminos Canyon Block 773. Whale marks the first major oil and gas project announced by Shell since a Dutch court in May ordered the Anglo-Dutch company to accelerate its carbon emissions reduction targets.

In a release on July 26 announcing the project’s final investment decision (FID), Shell said production from Whale will be among the lowest greenhouse-gas (GHG) intensity in the world for producing oil. Further, the company plans to use a similar platform to an existing nearby Shell-operated field, Vito, expected to result in an internal rate of return estimated of greater than 25%.

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