Shell to ramp up production with two new deepwater projects

Shell has announced that it will be moving forwards with two new deepwater projects at at Parque das Conchas and the Bijupirá/Salema fields (release).

John Hollowell, executive vice president for Deep Water, Shell Upstream Americas:

Offshore Brazil is a key part of our plans to grow our deepwater portfolio - a key component of our global strategy.

We look forward to continuing the work with our partners in offshore Brazil to develop the resources in a safe and responsible way.

The projects are expected to boost combined production at the two sites to a total of 63,000 barrels of oil equivalent per day. This will require the firm to install new subsea-infrastructure at the Massa and Argonauta O-Southfields.