Shell starts production offshore Brazil

15 Mar 2016   Brazil

Royal Dutch Shell said Monday it started production from the third and final phase of operations in the deep waters off the coast of oil-rich Brazil. “The safe, early delivery of this production is a testament to the efficiency of our deep-water project execution,” Wael Sawan, a vice president in charge of deepwater operations for Shell, said in a statement. Shell holds a 50 percent stake and serves as the operator at the deepwater Parque das Canchas development in the Campos Basin . At peak production, the third and final phase of the development should add another 20,000 barrels of oil equivalent per day to a portfolio that’s yielded more than 100 million […]

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