### Shell Sanctions Waterflood Project at Vito Field in Gulf of Mexico
In a significant move to enhance the recovery of oil reserves, Shell Offshore Inc., a subsidiary of Shell plc, has approved a Final Investment Decision (FID) for a waterflood project at its Vito asset in the U.S. Gulf of Mexico. This project aims to inject water into the reservoir formation to displace additional oil towards adjacent production wells, thereby increasing the recoverable resource volume.
#### The Vito Field: A Deepwater Asset
Located in the Mississippi Canyon area of the Gulf of Mexico, the Vito field spans four Outer Continental Shelf (OCS) blocks. It was discovered in July 2009 in over 4,000 feet of water, approximately 75 miles south of Venice, Louisiana, and 10 miles south of Shell’s operated Mars tension-leg platform. First oil was achieved from the Vito field in February 2023, marking a significant milestone for Shell and its partner, Equinor.
#### Design Revisions and Environmental Impact
In 2015, Shell successfully revised the original design for the Vito host, leading to an approximate 80% reduction in CO2 emissions over the facility’s lifetime. This redesign also resulted in a cost reduction of over 70% from the original host design concept. These changes align with Shell’s commitment to reducing its environmental footprint while enhancing operational efficiency.
#### The Waterflood Project
The waterflood process involves injecting water into the reservoir to push oil towards nearby production wells, thereby re-pressurizing the reservoir. Shell has drilled three water injection wells as pre-producers, which will play a crucial role in maximizing the producing rate of existing wells and ultimately increasing the recoverable resource volume.
#### Expected Outcomes
This investment decision is expected to increase recoverable resource volume by 60 million barrels