Shell decides to add another Gulf oil platform
GULF OF MEXICO — Shell Oil Company has made a final investment decision for its Mars B deepwater development, located approximately 130-miles south of New Orleans in the Gulf of Mexico.
The development will include a second tension-leg platform, named “Olympus,” to enhance recovery from the Mars field. The new platform will also provide process infrastructure for two of Shell’s recent deepwater discoveries, West Boreas and South Deimos.
The tension-leg platform is a “proven concept,” according to Shell, which the company first successfully executed in the early 1990s. First production from the Mars B Olympus platform is expected in 2015; the facility will be designed to process approximately 100,000 barrels of oil equivalent per day.
Shell discovered the deepwater Mars field in 1989. Production from this field was first brought online in 1996.
Shell will operate the Mars B Olympus tension-leg platform and currently holds a 71.5-percent working interest in the development. BP holds the remaining 28.5-percent working interest.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- UMMC reaching out after death of high school football player
- Former Godwin CEO Danny Mitchell dies at 66
- MDOT: Work on I-269 is on schedule, several phases at halfway point
- Margaritaville owner files for bankruptcy before landlord hearing
- Delta Council says condition of Highway 6 'of crisis dimensions'
- Northrop Grumman lands $354M Air Force contract for Global Hawks
- Severstal completes the sale of Columbus plant to Steel Dynamics
- Another marker going up on Mississippi Country Music Trail
- More school districts join MAEP lawsuit brought by Musgrove