Oil giant Royal Dutch Shell will build its eighth and largest oil platform in the Gulf of Mexico.
The Appomattox deep water project will be located 80 miles off the coast of Louisiana.
It is expected to produce an average peak of 175,000 barrels of oil equivalent per day and to be completed by the end of the decade, the company stated.
Shell will share the platform with american company Nexen Petroleum Offshore US (21%).
Marvin Odum, Shell Upstream Americas Director said: “We have again delivered a globally competitive investment scope for another significant deep-water project. Appomattox opens up more production growth for us in the Gulf of Mexico, where our production last year averaged about 225,000 barrels of oil equivalent per day and this development will be profitable for decades to come.”