RIO DE JANEIRO – Shell has decided to move forward with two deepwater offshore Brazil production projects. Parque das Conchas and Bijupirá/Salema fields both will enter new development phases.
Phase 3 is expected to boost production to a peak of 28,000 boe/d. Phase 2 is on schedule to tie-in Argonauta O-North online late this year with a peak production of 35,000 boe/d. Ownership of BC-10 is 50% Shell, 35% Petrobras, and 15% ONGC.