U.S. subsea equipment specialist Deep Down has secured an order from the oil major Shell related to equipment provision for the Kaikias development in the Gulf of Mexico.
The order is for the design, engineering, manufacturing and installation of a Riser Isolation Valve control system on the Ursa tension-leg platform (TLP). The Ursa TLP is located in the Mississippi Canyon Block 810, approximately 130 miles from the coast of Louisiana, in water depth of 4,500 ft.
The Riser Isolation Valve control system will be installed on the TLP to provide shutdown of production fluids.
Charles Njuguna, CFO, stated, “We continue to be humbled by the trust Shell places in Deep Down, as we work together to continuously improve safety in the oil and gas industry.”
Deep Down did not provide the financial details of the contract.
Shell started production at the first phase of Kaikias in May 2018. The project’s estimated peak production is 40,000 barrels of oil equivalent per day (boe/d).
Kaikias is located in the prolific Mars-Ursa basin around 130 miles (210 kilometers) from the Louisiana coast and is owned by Shell (80% working interest), as operator, and MOEX North America LLC (20% working interest), a wholly-owned subsidiary of Mitsui Oil Exploration Co., Ltd.
Offshore Energy Today Staff
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