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Shell declared Brazilian offshore BS-4 field commercially viable
Petroleumworld
RIO
Petroleumworld.com 12 29 06Shell said Thursday that After intense exploration work, Brazilian offshore BS-4 field is commercially viable.
Shell is the lead operator of the block with a 40% stake. Petrobras, holds another 40%, and Chevron holds 20%.
The field is located at a water depth of 1,550 meters in the Santos Basin, 185 kilometers off the coast of Rio de Janeiro.
The BS-4 block has estimated reserves of about 300 million barrels of extra heavy crude, Shell said. No date was set to start producion.
Shell also has a 50% operating stake in Brazil's BC-10 block, which was declared commercial in December 2005, is locsated about 120 kilometers southeast of the city of Vitoria in Espirito Santo state, just north of Rio de Janeiro state.
BC-10 block, has a potential to produce about 100,000 barrels of oil a day, and an estimated 400 million barrels of oil reserves, ans is expected to deliver late 2007 or early 2008, Shell said last March.
Shell currently pumps some 30,000 b/d from the Bijupira and Salema oil fields in the Campos Basin.
Petroleumworld 28 12 06
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