Royal Dutch Shell Plc. (ticker: RDS.A) expects an increase in production with the kick off of two deep water projects in Brazil. The offshore wells will be drilled in the Parque das Conchas (BC-10) and the Bijupirá/Salema fields
Shell is currently operating two FPSOs offshore Brazil– the Espírito Santo at Parque das Conchas and the Fluminense at the Bijupirá/Salema fields.
Shell and its partners Petrobras (ticker: PBR) and ONGC are moving forward with Phase 3 of the Parque das Conchas project. It will include the installation of subsea-infrastructure at the Massa and Argonauta O-South fields. Shell, Petrobras and ONGC share the project at 50%, 35% and 15% respectively.
Parque das Conchas (BC-10) – Campos Basin
Once online, the BC-10 project is expected to peak production at 28,000 BOEPD. The project came on-stream in 2009 and has produced over 70 MMBOE since. Phase 2 of BC-10 ties in Argonauta O-North field expected to peak production at 35,000 BOEPD when it comes online in late 2013.
Parque das Conchas (BC-10) was transformational in the development of Brazil’s offshore oil. The three fields, Ostra, Abalone and Argonauta, have been developed with subsea wells and manifolds, with each field tied back to a centrally located FPSO. OAG360 notes that the development is the first of its kind based fully on subsea oil and gas separation and subsea pumping.
Bijupirá/Salema – Campos Basin
A re-development of Bijupirá/Salema fields is underway that will include four new production wells that will boost production to a peak of 35,000 BOEPD in 2014. Shell shares the site at 80% and Petrobras at 20%. The fields have produced close to 100 MMBOE since the startup in 2003.
OAG360 notes that Bijupirá/Salema was the first development area in Brazilian waters operated by a foreign company.
“Offshore Brazil is a key part of our plans to grow our deepwater portfolio – a key component of our global strategy,” said John Hollowell, Executive Vice President for Deep Water, Shell Upstream Americas. “We look forward to continuing the work with our partners in offshore Brazil to develop the resources in a safe and responsible way.”
Shell at The Oil & Gas Conference® 18
Shell will present at EnerCom’s The Oil & Gas Conference® 18 in Denver on August 12, 2013 at 12:30PM Mountain Time. Here is a presenter schedule.
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