Shell and its partners have begun production from the second development phase of the Parque das Conchas (BC-10) project, located off Brazil's south-east coast. The BC-10 project (Shell share 50%, Petrobras 35%, ONGC 15%) is comprised of several subsea fields which are tied back to a floating production, storage and offloading (FPSO) vessel, named the Espírito Santo.
In 2009 the first phase of the project began production, when the Abalone and Ostra fields were connected, along with the Argonauta B-West reservoir. The peak production of the first phase was more than 90,000 barrels of oil equivalent (boe) in 2010, and is currently producing some 35,000 boe per day. Phase 2 connected a fourth reservoir to the vessel, the Argonauta O-North. At its peak, Phase 2 is expected to produce approximately 35,000 boe per day.
"Boosting production at BC-10 with the completion of phase two is another great example of our successful project development, delivery and execution capabilities," said John Hollowell, Executive Vice President for Deep Water, Shell Upstream Americas. "It is a great day for Shell in Brazil."