HOUSTON—Shell Midstream Partners LP (NYSE: SHLX), a midstream MLP formed by Royal Dutch Shell plc announced Nov. 28 that Amberjack Pipeline Co. LLC, a joint venture between Shell Midstream Partners and Chevron Pipe Line Co., received the first crude oil barrels of throughput from Chevron U.S.A. Inc.’s operated Big Foot platform on Nov 21.
“The Gulf of Mexico is a key component of our diverse portfolio as we continue to see growth in production demonstrated by the Chevron-operated Big Foot project. Amberjack is strategically located and provides exceptional connectivity offering transportation options along the Texas and Louisiana Gulf Coast,” said Kevin Nichols, CEO of Shell Midstream Partners GP LLC. “We anticipate ongoing organic growth on Amberjack in the next year from continued in-field development.”
The Big Foot field was first discovered in 2006 by Chevron and is estimated to contain total recoverable resources of more than 200 million oil-equivalent barrels and has a projected production life of 35 years. Big Foot is designed for a capacity of 75,000 barrels of oil per day.
Shell Midstream Partners acquired 75% of the issued and outstanding Amberjack Series A membership interests and 50% of the issued and outstanding Amberjack Series B membership interests in May 2018, which was the partnership’s largest acquisition to date. The system has delivered organic growth of 16% since being acquired by the partnership.
Recommended Reading
TotalEnergies Ups Stake in Two Blocks Offshore Namibia
2024-01-10 - TotalEnergies is acquiring an additional 10.5% participating interest in Block 2913B and an additional 9.39% participating interest in Block 2912.
Dorchester Minerals Announces Retirement of James E. Raley
2024-01-05 - Dorchester’s board designated Raley as manager emeritus in recognition of his service.
Vast Appoints Two Additional Directors to Board
2024-01-12 - Vast’s appointment of Peter Botten and Tom Quinn brings the board’s recently expanded size to seven members.
Gevo Appoints Katie Ellet to Board of Directors
2024-01-07 - Gevo appointed Katie Ellet, who has held a variety of leadership roles in the chemical and energy industry, including serving as president of hydrogen energy and mobility for North America at Air Liquide.
Advent Technologies Appoints Naiem Hussain to CFO
2024-01-15 - Hussain is replacing Kevin Brackman as Advent Technologies Holdings Inc.’s CFO, who resigned from the position on Jan. 5.