Oil giant Shell says it is looking to boost its production in Brazil after eyeing two new projects in the country.
The company and its partners, Petrobras and ONGC, are looking at new projects in the Parque das Conchas (BC-10) prospect, in which Shell already operates three fields at 50% stake.
“Offshore Brazil is a key part of our plans to grow our deepwater portfolio – a key component of our global strategy,” said John Hollowell, executive vice president for deepwater with Shell Upstream Americas.
“We look forward to continuing the work with our partners in offshore Brazil to develop the resources in a safe and responsible way.”
Phase 3 of the project would include the installation of subsea-infrastructure at the Massa and Argonauta O-South fields tied-back to the Espírito Santo floating, production, storage and offloading vessel (FPSO).
The new development is expected to reach a peak production of 28,000 barrels of oil equivalent (boe) per day.
Phase 2 of the 2009 BC-10 project is due to come online by the end of this year with a peak production of 35,000 boe per day.
The partnership is also looking at drilling four new wells in the Bijupirá/Salema fields, expected to produce up to 35,000 boe per day in 2014, in which Shell holds 80% stake.
Oil firms have had mixed fortunes in Brazil in recent times. Earlier this month BP announced it was to farm into five of Petrobras’ deepwater licences in the country.
But Baker Hughes and Subsea 7 have cited difficulties operating in the country as impacting on their results.