Shell and its joint venture have announced the first oil flow from the third phase of deepwater Parque das Conchas (BC-10) development in Brazil’s Campos Basin.
This production is expected to add up to 20,000 barrels of oil equivalent per day (boe/d) at peak production, from fields that have produced more than 100 million barrels since 2009.
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Shell deepwater executive vice-president Wael Sawan said: "The safe, early delivery of this production is a testament to the efficiency of our deepwater project execution.
"With this phased project, we have again demonstrated value from standardization, synergies from contractual relationships, and the strategic deployment of new technologies.
"These barrels, like other subsea tieback opportunities across our deepwater portfolio, have development cost advantages and will contribute to the strong production growth we expect from offshore Brazil."
Parque das Conchas Phase 3 is operated by Shell with a 50% interest and is owned together with ONGC (27%) and QPI (23%).
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By GlobalDataThe development consists of five producing wells in two Campos Basin fields including Massa and O-South), as well as two water-injection wells.
Located in water depths greater than 5,900ft, the subsea wells connect to a floating production, storage and offloading (FPSO) vessel, the Espirito Santo.
Located 150km offshore Brazil, the unit has a processing capacity of 100,000boe/d and was built by SBM in Singapore.
