THE HAGUE, the Netherlands – Shell has funded Phase II of the Parque das Conchas field development offshore Brazil. This phase is to develop the fourth field in block BC-10. Shell, as operator, holds a 50% interest. Petrobras (35%) and ONGC (15%) hold the remaining interest.
Phase I production began in 2009 from nine wells in three fields. Phase II includes seven more development wells. Production at Parque das Conchas features seabed separation of oil and gas which then goes from 1,800 m (6,000 ft) below water for surface processing at the Espirito Santo FPSO.
Shell starts Parque das Conchas Phase II
Shell has funded Phase II of the Parque das Conchas field development offshore Brazil.