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Shell Kick-Starts Production in Kaikias with 30% Lower Costs

Michelle Rey
Shell Kick-Starts Production in Kaikias with 30% Lower Costs

Royal Dutch Shell (RDS.A) has begun production at its Kaikias phase-one project in the US Gulf of Mexico. Plus, with the reduction in costs, Shell expects the project to break even at a crude oil price of less than $30 per barrel. The field is expected to have peak production of around 40 thousand barrels of oil equivalent per day or Mboepd.