May 8 (Reuters) - Royal Dutch Shell Plc said onWednesday it plans to go forward with the Stones ultra-deepwateroil and natural gas project in the Gulf of Mexico.
Production during the first phase of the project is expectedto have an annual peak of 50,000 barrels of oil equivalent perday, the oil major said in a press statement.
As part of the Stones project, Shell will construct afloating production, storage, and offloading vessel and subseainfrastructure. The field is located in waters 9,500 feet (2,896meters) deep about 200 miles southwest of New Orleans,Louisiana.
