EQUINOR AND SHELL REACH FID FOR THE SPARTA DEEPWATER DEVELOPMENT

December 21, 2023

Equinor and its operating co-owner, Shell Offshore Inc., a subsidiary of Shell plc, have reached the final investment decision for the Sparta deepwater development, located in the US Gulf of Mexico (GOM). Equinor holds a 49 percent interest in the field.
With a designed capacity of 100,000 barrels of oil equivalent per day (boe/d) at peak, Sparta is expected to begin production in 2028. Expected ultimate recoverable resources are currently estimated at above 250 million barrels.
The development plan includes eight production wells tied back to a semi-submersible floating production unit. The Sparta platform is a replication of the Shell-operated Vito project (Equinor 36.89% partner) and Whale project, enabling a standardized and cost-efficient design approach.
Sparta will serve as a new hub in a key producing region that delivers some of Equinor’s most valuable barrels with a relatively low average intensity of carbon emissions. The platform will feature all-electric compression equipment, allowing for significantly reduced emissions intensity from production.
(Source: Equinor – Shell’s Vito platform/Shell)