Kaikias has a competitive go-forward break-even price below $40/bbl, according to Shell.
The wells are designed to produce up to 40,000 boe/d.
Discovered in August 2014, Kaikias is located in about 4,575 ft (1,395 m) of water in the Mars-Ursa basin about 130 mi (210 km) offshore Louisiana. It is estimated to contain more than 100 MMboe recoverable resources.
In addition, two other Shell-operated projects in the Gulf of Mexico are currently under construction or undergoing pre-production commissioning: Coulomb & Appomattox.