Shell eyes higher production in Brazil
RIO DE JANEIRO, September 27, 2018 – Shell’s offshore Lula field is expected to hit peak production of more than 1 million boepd by 2020 or 2021, international media reported Wednesday.
With a current output of 879,000 boepd, Lula is Brazil’s most productive field. The start-up of the P-67 and P-69 platforms in 2019 will help the field reach peak production, Cristiano Pinto da Costa, Shell’s general manager for Santos Basin fields, told Reuters.
Pinto da Costa also said the super-major was assessing the possibility of a third development phase for its offshore Lapa field, adding that an investment decision for drilling would come after 18-24 months.
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