Shell and its joint venture have announced the start of oil production from the third phase of the deepwater Parque das Conchas (BC-10) development in Brazil’s Campos Basin. Production for this final phase of the project is expected to add up to 20,000 bbl of oil equivalent per day at peak production, from fields that have already produced more than 100 million bbl since 2009.
“The safe, early delivery of this production is a testament to the efficiency of our deepwater project execution,” Wael Sawan, Executive Vice President, Deepwater, Shell, said. “With this phased project, we have again demonstrated value from standardization, synergies from contractual relationships and the strategic deployment of new technologies. These barrels, like other subsea tieback opportunities across our deepwater portfolio, have development cost advantages and will contribute to the strong production growth we expect from offshore Brazil.”
Operated by Shell (50%) and owned together with ONGC (27%) and QPI (23%), Parque das Conchas Phase 3 comprises five producing wells in two Campos Basin fields (Massa and O-South) and two water-injection wells. The subsea wells sit in water depths greater than 5,900 ft (1,800 m) and connect to a floating production, storage and offloading (FPSO) vessel, the Espirito Santo, located more than 90 miles (150 km) offshore Brazil.
Parque das Conchas Phase 3 is the latest major deepwater project for Shell. Shell deepwater sanctioned projects currently in development include the Stones project, whose FPSO vessel is now on location in the Gulf of Mexico (GOM), and the Appomattox project, also a GOM project, now under construction. Shell is also part of a consortium exploring and developing the giant pre-salt Libra field, offshore Brazil, and recently completed the acquisition of BG, which includes significant deepwater Brazil positions.