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.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Moon River Foods creating 100 jobs in Mississippi Delta
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- Google chooses Mad Genius as example of Internet use
- Weyerhaeuser investing $57M to modernize lumber mill
- Two BancorpSouth mergers delayed by federal inquiries
- Health officials identify another case of chikungunya virus
- Biloxi council approves $29M contract for baseball stadium construction
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- Cochran continues to question EPA over new regulations