Shell invests in Kaikias waterflood to unlock production in Gulf of America

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• The investment contributes to Shell's aim of maximizing high-margin production and longevity in a core basin to maintain liquids production

  80% confidence

• Following decision to increase stake in Ursa earlier this year, this additional investment continues to maximize the value of the asset

  80% confidence

• Shell aims to sustain liquids production at around 1.4 million barrels of oil equivalent per day until 2030

  80% confidence

• Shell is the leading deep-water operator in the US Gulf of America, where production has among the lowest greenhouse gas intensity in the world

  80% confidence

• Waterflood is anticipated to extend the production lifecycle of Ursa by several years

  80% confidence

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