Shell to boost deepwater production in Brazil

Shell

Shell (NYSE: RDS.A) (NYSE: RDS.B) and its partners are expecting to boost production in Brazil with two new deepwater projects at Parque das Conchas (BC-10) and the Bijupirá/Salema fields.

For Parque das Conchas (BC-10), Shell and its partners Petrobras and ONGC, have decided to move forward with Phase 3 of the project, which will include the installation of subsea infrastructure at the Massa and Argonauta O-South fields. These fields will be tied back to the Espírito Santo, the floating, production, storage and offloading vessel at the center of the Parque das Conchas development.

Once online, Phase 3 of the BC-10 project is expected to reach a peak production of 28,000 barrels of oil equivalent (boe) per day (Shell’s share is 50%; Petrobras, 35%; ONGC, 15%). Since coming on-stream in 2009, the BC-10 project has produced more than 70 million boe. Phase 2 of the project, which is to tie-in the Argonauta O-North field, continues to progress and is expected to come online late 2013 with a peak production of 35,000 boe per day (Shell’s share, 50%; Petrobras, 35%; ONGC, 15%).

At the Bijupirá/Salema fields, a redevelopment is underway that includes the drilling of four new production wells. This is expected to boost production from these fields to a peak of 35,000 boe per day in 2014 (Shell’s share, 80%; Petrobras, 20%). The Bijupirá/Salema fields have produced close to 100 million boe since startup in 2003.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...