Shell, Eni bring projects on stream
With 17 out of a planned total of 22 wells already completed, Eni hopes to ramp up Goliat output to 100,000 bopd through an FPSO. The field is home to an estimated 180 million barrels of oil in reserves. Originally budgeted at some USD 3.53 billion, a delay of more than two years pushed the project to USD 5.8 billion.
The third and last phase of the Parque das Conchas project, operated by Shell on a 50% stake, will add 20,000 boepd from the Massa and Argonauta O-South fields through a 100,000-bopd-capacity FPSO. The FPSO is situated some 150 km offshore Brazil in 1,780 m of water. Other shareholders are Qatar Petroleum (23%) and ONGC of India (27%).
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