Shell starts new work in deep Gulf of Mexico waters

Feb. 4, 2014 at 8:43 AM

HOUSTON, Feb. 4 (UPI) -- Shell said Tuesday production began at its Mars B development in the Gulf of Mexico, which should help boost regional production by 66 percent by 2016.

Shell said it started production from Mars B using its Olympus platform, which the company said was its largest deep-water platform in the Gulf of Mexico.

Olympus is floating in roughly 3,100 feet of water off the coast of Louisiana.

Shell said the entire Mars field produced an average 60,000 barrels of oil equivalent per day last year. With Olympus in place, Mars field production should reach 100,000 barrels of oil equivalent per day by 2016.

John Hollowell, executive vice president for Shell's deep water operations in the Americas, said in a statement Tuesday the Mars developments showcase Shell's ongoing commitment to deep-water activity.

"Olympus is the latest, successful start-up of our strong portfolio of deep-water projects, which we expect to generate substantial value in the coming years," he said. "Deep water will continue to be a core growth opportunity for Shell."

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
JetBlue first major airline to offer direct New York to Cuba flights
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue