Shell starts up Olympus platform in Gulf of Mexico

|By:, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) says it has started production from its Olympus platform in the deepwater Gulf of Mexico that could extend production at the Mars field through 2050.

The Olympus platform eventually will add up to 100K boe/day to production from the Mars field, which averaged 60K boe/day during 2013.

Shell initially believed 770M boe could be recovered from the Mars field, but the company says it has exceeded that total; with the addition of Olympus, Shell says it could expand production from Mars to 1.1B boe.