& Tobago

Very usefull links


News links




Dow Jones

Oil price



Views and News




Shell boosts drilling at Brazil heavy oil cluster



By Argus

Petroleumworld 05 07 2019

Shell, Brazil's biggest private-sector oil producer, is drilling two new infill wells at the Campos basin post-salt cluster known as Parque das Conchas to maintain production levels.

Located in the Argonauta field, the wells will be connected to the 100,000 b/d floating production, storage and offloading (FPSO) unit Espirito Santo by year-end, a company spokesperson tells Argus.

The wells are part of the first enhanced-recovery effort in the cluster since a $1bn development phase in 2016, which produced mixed results.

The fields in the BC-10 cluster currently produce around 38,000 b/d of 18°-24°API crude with sulfur content of around 0.42pc.

Shell holds a 50pc operating stake in BC-10. Indian state-controlled ONGC Videsh holds 23pc and Qatar's state-owned QP has the remaining 27pc.

Heavy low-sulfur oil producers in Brazil are positioned to benefit from new marine fuel regulations that cap sulfur content at 0.5pc starting in January 2020. Shell's trading arm already has a sales agreement for the 13.2° API, 0.33pc crude produced at the Santos basin's Atlanta post-salt field, operated by Brazilian independent Enauta.

Post-salt acreage remains a small part of Shell's portfolio in Brazil, where the company has a deep pre-salt footprint.

After completing work in BC-10, the Brava Star drilling rig will move on to exploration wells in the pre-salt Sul Gato do Mato and Alto de Cabo Frio Oeste blocks—areas awarded during Brazil's second and third production-sharing rounds, respectively.

The company plans to invest around $2bn a year in Brazil over the next five years, executives have said.

Shell's chief executive Ben van Beurden is scheduled to hold his first meeting with Brazil's far-right president Jair Bolsonaro in Brasilia this week.



We invite you to join us as a sponsor.

Circulated Videos, Articles, Opinions and Reports which carry your name and brand are used to target Entrepreneurs through our site, promoting your organization’s services. The opportunity is to insert in our stories pages short attention-grabbing videos, or to publish your own feature stories.



Story from Argus Media. 05 06 2019


Copyright© 1999-2019 Petroleumworld or respective author or news agency. All rights reserved.

We welcome the use of Petroleumworld™ (PW) stories by anyone provided it mentions as the source.

Other stories you have to get authorization by its authors. Internet web links to are appreciated.

Petroleumworld welcomes your feedback and comments, share your thoughts on this article, your feedback is important to us!

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




Editor & Publisher: Elio Ohep/
Contact Email:

CopyRight © 1999-2019, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2019, Petroleumworld ™  / Elio Ohep - All rights reserved



This 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.