"Shell Offshore Inc., a subsidiary of Shell plc, today announced the Final Investment Decision (FID) for Sparta, a deep-water development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects," the company said in a statement.
The Sparta project is owned by Shell Offshore Inc and Equinor Gulf of Mexico LLC, which hold 51% and 49% interest, respectively.
"Sparta is expected to reach a peak production of approximately 90,000 barrels of oil equivalent per day (boe/d) and currently has an estimated, discovered recoverable resource volume of 244 million boe," the statement added.
Sparta will be Shell's "15th deep-water host in the Gulf of Mexico," the company said, adding that production is expected to begin in 2028.
Shell is British-Dutch oil and gas company engaged in the production, processing and marketing of hydrocarbons in over 70 countries. Its headquarters are in The Hague.