OIL PRODUCTION has started from the third phase of the Shell-operated Parque das Conchas development, in the Campos basin offshore Brazil.
When underway, the project is expected to add up to 20,000 barrels of oil equivalent per day at peak production, from fields that have already produced more than 100 million barrels since 2009.
Shell executive vice president of deepwater Wael Sawan said the start of production had occurred safely and early at the project.
“With this phased project, we have again demonstrated value from standardisation, synergies from contractual relationships, and the strategic deployment of new technologies,” he said.
“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.”
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 1,800 metres and connect to a floating production, storage and offloading (FPSO) vessel, the Espirito Santo, located more than 150 kilometres offshore Brazil.
Shell holds a 50 per cent operating stake in the project, together with India’s ONGC (27%) and Qatar Petroleum International (23%).