Parque das Conchas Project Begins Phase 2 Production

Royal Dutch Shell reported Wednesday that the partners in the Parque das Conchas (BC-10) project, offshore southeast Brazil, have begun production from its second development phase.

The BC-10 project comprises several subsea fields that are tied back to a floating production, storage and offloading (FPSO) vessel.

Peak production from the first phase of the project was more than 90,000 barrels of oil equivalent in 2010, and currently this produces 35,000 boepd. Phase two connects a fourth reservoir and is expected to add another 35,000 boepd at its peak.

"Boosting production at BC-10 with the completion of phase two is another great example of our successful project development, delivery and execution capabilities," John Hollowell, Executive Vice President for Deep Water for Shell Upstream Americas, said.

"It is a great day for Shell in Brazil."

Shell and its partners announced in July that they plan to move forward with the project's third development phase.


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