Very usefull links


News links




Dow Jones

Oil price



Views and News





Shell sees 2020 -2021 peak output in Brazil's Lula field




By Reuters

Petroleumworld 10 01 2018

Brazil's most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday.

The increase in production next year will be helped by the launch of platforms P-67 and P-69, which should go online in 2018, according to Cristiano Pinto da Costa, Shell's general manager for the Santos basin's Lula, Sapinhoa, Iracema and Lapa fields.

The Lula field averaged 879,000 barrels of oil per day as of July. It is operated by Brazilian state oil company Petroleo Brasileiro in a consortium with Shell and Portugal's Galp.

Rising oil prices and shrinking reserves have boosted appetite among oil majors for placing big bets on Brazil's prolific offshore pre-salt layer, where billions of barrels of oil lie under a thick layer of salt beneath the ocean floor.

On Friday, Brazil will host its last pre-salt auction ahead of elections next month that could launch a leftist into the presidency with plans to walk back market-friendly reforms in the oil sector.

Speaking on the sidelines of an oil conference in Rio de Janeiro ahead of the auction, Pinto da Costa also said that a third phase of development for the Lapa field was still in a very early stage.

“We are studying the viability of drilling more wells to bring future production” to a part of the field where no wells are currently located, he said.

However, any decision about investment or the specific number of wells would not be made for another 18 to 24 months, he added.


Reporting by Marta Nogueira and Alexandra Alper; Editing by Christian Plumb and Leslie Adlerfrom Reuters. 09 28 2018

We invite all our readers to share with us
their views and comments about this article.
Write to

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to:

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1

November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter








Editor & Publisher:Elio Ohep/
Contact Email:

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.