HOUSTON, May 22, 2017 /PRNewswire/ -- Royal Dutch
Shell plc, through its subsidiary BG E&P Brasil Ltda. (Shell)
and consortium partners in Lula South, announces today that
deep-water production has started at the FPSO P-66, which is
located in the Brazilian pre-salt of the Santos Basin.
Positioned in 2,150-metre water depth, the P-66 can process up
to 150,000 barrels of oil and 6 million cubic meters of natural gas
per day. The unit is the first in a series of standardized
vessels operated by Petrobras to begin production within the
BM-S-11 block consortium and the seventh to produce within the
consortium overall.
"Achieving production at Lula South is an important
accomplishment in the Santos Basin, and we recognize Petrobras'
delivery of this critical milestone," said Andy Brown, Upstream Director for Shell.
"The consortium has additional FPSOs in this series planned over
the next three years. Across Shell's deep water business in
Brazil, we're investing in
projects with competitive break-even prices, and our presence as
Brazil's second largest oil
producer continues to grow."
Shell has a 25-percent stake in the consortium developing the
Lula field in the BM-S-11 block. Petrobras operates the field with
a 65-percent interest, and Galp, through its subsidiary Petrogal
Brasil, holds the remaining 10-percent interest. The P-66 is the
tenth deep-water FPSO in operation across Shell's working interest
in the pre-salt areas of Santos Basin. Shell operates two
additional FPSOs offshore Brazil.
Shell's deep water business also extends to the U.S.
Gulf of Mexico, Nigeria, and Malaysia and, globally, produces approximately
725 thousand barrels of oil equivalent per day (boe/d); production
is expected to reach approximately 900 thousand boe/d by the early
2020s, from already discovered, established areas.
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SOURCE Royal Dutch Shell plc