Shell (SHEL) Approves Waterflood Project to Boost Output at Vito

Shell plc (SHEL) , the British energy major, has proceeded with the Final Investment Decision ("FID") on a waterflood project at its Vito deepwater field, located in the U.S. Gulf of Mexico. Shell Offshore Inc., a subsidiary of Shell, has taken the FID on the project to enhance the production capacity at the deepwater field. The project involves injecting water into the hydrocarbon reservoir. Waterflood is a secondary recovery method where water is injected into the hydrocarbon formation. The injected water ...