Shell, and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas (BC-10) and the Bijupirá/Salema fields.
“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.”
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 (FPSO) – that is 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 share 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, 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 share 50%, Petrobras 35%, ONGC 15%).
At the Bijupirá/Salema fields, a re-development 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 share 80%, Petrobras 20%). The Bijupirá/Salema fields have produced close to 100 million boe since startup in 2003.