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.
Top Posts & Pages
- Bids on reworking Interstate 55 stretch are rejected
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Hosemann to launch crowd funding program
- ALAN TURNER: Education in Mississippi – good and bad news
- CFPB wants repay ability at center of new payday loan rules
- Terminal upgrade on indefinite hold at Jackson International Airport
- JOSH MABUS: The Tao of Road House
- Answering the Bell: Interim Ole Miss law school dean well-regarded for directing hands-on clinical training