"It is a great day for Shell in Brazil," John Hollowell, a regional vice president for deep water developments, said in a statement Wednesday.
Shell, alongside partners Brazilian energy company Petrobras and India's Oil and Natural Gas Corp., said Wednesday it started production from Phase 2 of the Parque das Conchas projects off Brazil.
Shell said Phase 1 production in 2009 reached a peak production rate of more than 90,000 barrels of oil equivalent. Phase 2 is expected to reach 35,000 barrels of oil equivalent per day and, once online, the third phase should add 28,000 boe more to the overall production figures.
The company, which has headquarters in The Hague, said development is expected to extend the life of the Parque das Conchas complex. It said development installation there is the deepest of its kind anywhere in the world. Some of the sub-sea fields are more than a mile below the water's surface.
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