SHARE
Image courtesy of Shell

Shell has begun production from the Mars B development through Olympus – the company’s biggest floating deep-water platform in the Gulf of Mexico.

It said Tuesday the project should extend the life of the greater Mars basin to 2050 or beyond.

“Combined future production from Olympus and the original Mars platform is expected to deliver an estimated resource base of 1 billion barrels of oil equivalent (boe),” Shell said in a statement.

Shell holds 71.5% of the Mars B development and is the operator. BP holds 28.5%.

The project includes subsea wells at the West Boreas and South Deimos fields, export pipelines, and a shallow-water platform, located at West Delta 143, near the Louisiana coast.

Olympus sits in approximately 945 metres (3,100 feet) of water.

With the additional developmental drilling from the Olympus platform, Shell expects to ramp up production at Mars field to an estimated peak of 100,000 boe per day in 2016.

The Mars field produced an average of over 60,000 boe per day in 2013.

“Also in the Gulf of Mexico, progress on the 50,000 boe/d Cardamom project (Shell 100%) continues toward a 2014 production date, and work is underway on the 50,000 boe/d, deep-water Stones development (Shell 100%) following the final investment decision last May,” Shell said Tuesday.