Third phase of major deep-water project delivered, optimizing production capacity
Shell and its joint venture announce the start of oil production from the third phase of the deep-water 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 barrels of oil equivalent per day (boe/d) at peak production, from fields that have already produced more than 100-million barrels since 2009.
“The safe, early delivery of this production is a testament to the efficiency of our deep-water project execution,” said Wael Sawan, Executive Vice-President, Deep Water, Shell. Â “With this phased project, we have again demonstrated value from standardization, synergies from contractual relationships, and the strategic deployment of new technologies. Â These barrels, like other subsea tieback opportunities across our deep-water portfolio, have development cost advantages and will contribute to the strong production growth we expect from offshore Brazil.”
Shell is a global leader in deep water with a strong development pipeline following last month’s completion of the BG combination, across offshore Brazil, the U.S. Gulf of Mexico, Nigeria, and Malaysia.
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-feet (1,800-meters) and connect to a floating production, storage and offloading (FPSO) vessel, the Espirito Santo, located more than 90-miles (150-kilometers) offshore Brazil.
Parque das Conchas Phase 3 is the latest, major deep-water project for Shell. Â Shell deep-water 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 deep-water Brazil positions.
