Shell, and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas (BC-10) and the Bijupirá/Salema fields.

"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 Deep Water, 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."

For Parque das Conchas (BC-10), Shell and its partners Petrobras and ONGC, have decided to move forward with Phase 3 of the project, which will include the installation of subsea-infrastructure at the Massa and Argonauta O-South fields. These fields will be tied-back to the Espírito Santo - the floating, production, storage and offloading vessel (FPSO) - that is at the center of the Parque das Conchas development.

Tags: Shell