SHEL - Oil Giants Shell & Equinor Reach Sparta Investment Decision: Set To Boost Gulf Of Mexico Oil Output | Benzinga
Equinor ASA (NYSE: EQNR) and its operating co-owner, Shell Offshore Inc., a subsidiary of Shell PLC (NYSE: SHEL), disclosed a Final Investment Decision (FID) for Sparta, a deep water development in the U.S. Gulf of Mexico, for an undisclosed amount.
Shell owns 51%, and Equinor ASA (NYSE: EQNR) owns 49% of Sparta, which is expected to reach peak production of around 90,000 barrels of oil equivalent per ...