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Shell starts up Olympus platform in Gulf of Mexico

  • 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.
Comments (1)
  • dsr70
    , contributor
    Comments (1453) | Send Message
     
    RDS holders need some good news about production in places safer than the arctic or a war torn region. This incrementally adds. (I could insert a joke about the Obama admin's edicts making the gulf a more dangerous place to operate)
    4 Feb, 01:37 PM Reply Like
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