Mars is a producing conventional oil field located in deepwater in the US and is operated by Shell Offshore. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Mississippi Canyon 805, Mississippi Canyon 763, Mississippi Canyon 807, Mississippi Canyon 851, and Mississippi Canyon 850, with water depth of 3,230 feet. Buy the profile here.
Field participation details
The field is owned by BP and Shell.
Production from Mars
The Mars conventional oil field recovered 76.01% of its total recoverable reserves, with peak production in 2003. The peak production was approximately 158.33 thousand bpd of crude oil and condensate and 183.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045.
Remaining recoverable reserves
The field is expected to recover 303.04 Mmboe, comprised of 252.70 Mmbbl of crude oil & condensate and 302.08 bcf of natural gas reserves. Mars conventional oil field reserves accounts 0.07% of total remaining reserves of producing conventional oil fields globally.
About Shell Offshore
Shell Offshore Inc (Shell Offshore) an oil and gas company which offers the wholesale distribution of petroleum and petroleum products. The company is headquartered in Houston, Texas, the US.
For more details on the Mars Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
