Oil production has begun from the third phase of the deepwater Parque das Conchas (BC-10) development in Brazil’s Campos Basin, Shell said in a news release.
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 release said.
Operated by Shell (50%) and owned with ONGC (27%) and QPI (23%), Parque das Conchas Phase 3 comprises five producing wells in the Massa and O-South fields and two water-injection wells. The subsea wells sit in water depths greater than 1,800 meters (5,900 ft) and connect to a FPSO vessel, the Espirito Santo, located more than 150 kilometers (90 miles) offshore Brazil, the release said.
Recommended Reading
US Oil, Gas Rig Count Falls to Lowest Since January 2022
2024-05-03 - The oil and gas rig count, an early indicator of future output, fell by eight to 605 in the week to May 3, in the biggest weekly decline since September 2023.
Pemex Reports Lower 2Q Production and Net Income
2024-05-03 - Mexico’s Pemex reported both lower oil and gas production and a 91% drop in net income in first-quarter 2024, but the company also reduced its total debt to $101.5 billion, executives said during an earnings webcast with analysts.
Chouest Acquires ROV Company ROVOP to Expand Subsea Capabilities
2024-05-02 - With the acquisition of ROVOP, Chouest will have a fleet of more than 100 ROVs.
SLB, OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor
2024-05-02 - Work is expected to begin immediately on Equinor’s Wisting and Bay Du Nord projects.
SilverBow Makes Horseshoe Lateral in Austin Chalk
2024-05-01 - SilverBow Resources’ 8,900-foot lateral was drilled in Live Oak County at the intersection of South Texas’ oil and condensate phases. It's a first in the Chalk.