Shell PLC on Monday said that it has taken the final investment decision to develop the Jackdaw gas field in the UK North Sea.
The offshore project is expected to come online in the mid-2020s, and will comprise a wellhead platform which is not permanently attended, as well as subsea infrastructure which will tie back to the London-based oil major’s existing Shearwater gas hub.
At peak production rates, the project is expected to reach 40,000 barrels of oil equivalent per day, reflecting around 6% of production from the UK North Sea projected for the middle of the decade.
“We are committed to providing our customers with secure and stable supplies of energy, and to do so responsibly, efficiently and economically. Investments like Jackdaw are consistent with the UK’s North Sea Transition Deal and Shell’s Powering Progress strategy, providing the energy people need today while serving as the foundation for investments in the low carbon energy system of the future,” said Upstream Director Zoe Yujnovich.
Shares in Shell closed 0.1% higher at 2,041.66 pence on Monday in London.