Shell starts production from Phase 3 of deepwater development offshore Brazil

HOUSTON -- Shell has 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 boed, at peak production, from fields that have already produced more than 100-MMbbl since 2009.

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 and connect to a floating production, storage and offloading vessel, the Espirito Santo, located more than 90-miles 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, and the Appomattox project, also a Gulf of Mexico 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.