Vito: Finding Opportunity Through Adaption and Resiliency
Tuesday, 2 May
Keynote Speaker Series
The story of Vito is one of adaptation and simplification in a changing world. Eirik and Kurt will highlight the challenges of planning a project through the 2015 market low oil price environment where Shell’s priority of maximizing Net Present Value and Ultimate Recovery shifted to Capital Efficiency. The project responded through a dramatic redesign and by simplifying many components of the project. Eirik will present on developing a best-in-class resource density field compared to other Gulf of Mexico reservoirs, highlight depletion drilling risks, and the pre-host arrival drilling of eight (8) wells. Kurt will present the challenges of reframing a project through modified corporate goals and the technical advancements and simplifications applied to Vito leveraging industry learnings and differentiating it from previous Shell assets.
- American Society of Civil Engineers (ASCE)