Olympus TLP sits in the foreground a mile away from Mars platform
Posted on 02/04/2014 11:07:03 AM PST by thackney
Olympus TLP sits in the foreground a mile away from Mars platform
I like the term “production” when it comes to hydrocarbons.
Like.
Drill baby drill!
OK, teacher, I am ready for my lesson.
With all of that fancy stuff that you guys can now do
with multiple drilling and directional drilling and everything,
then how come it is that those rigs need to be so close together?
If you can pump 100,000 bbl a day at max capacity with one, then two will pump twice as much.
It isn’t like a small field where your pumping is limited by flow rate to the pool.
Thanks.
That makes sense.
I was thinking it had to do with the boundary lines for specific leases, or something like that.
The liberals will have their meltdown over this news, I’m sure.
The Mars field has been one of Shell’s most important fields over the last 15 years. When we discovered the field in 1989, we estimated the field to have nearly 700 million boe of resources. To date the field has produced over 770 million boe.
Mars B will enable production to reach an estimated 1.1 billion boe. The Olympus TLP, along with our subsea tie backs West Boreas and South Deimos, will prolong access to the prolific Mars oil and natural gas field until at least 2050. We aim to start production in around 2014 and the combined development has potential to deliver production rates in the order of ~100k boe/d.
We initially developed the field using the Mars A 24 well tension leg platform. Given the field’s sizeable resources, we identified the need for extra infrastructure to boost the ongoing development of the field. In September 2010, we decided to proceed with the commercial agreements and development plans for the Mars B Project.
http://www.shell.com/global/aboutshell/major-projects-2/mars-b.html
Real Answer:
Better minds on this subject than ours studied it greatly and justified spending a Billion or so dollars.
More details at:
YOU ——> ‘da man!
Thanks!
Wow! Good show, Shell!
What does “boe” mean?
"Barrels of Oil Equivalent".
It is a calculated equivalent barrels of oil, done usually by normalizing the thermal content of condensate and associated gas to the reservoir oil.
Unfortunately after reading this story Barack Hussein Obama remembered that he has a shiny new pen and he is now thinking about shutting it down. He doesn’t want his record of job destruction destroyed.
I fished near Perdido last Oct....
Those rigs are massive. What’s the hurricane plan? Give the anchor lines some slack and let her ride?
They are designed to shutdown, evacuate all personal, and ride out a hurricane. Sometimes the get damaged but usually start back up afterward without too much trouble.
Forgive my ignorance, but how are these fields parceled out? Is it a case of any oil company from around the world being able to test drill, or are there rules against foreign companies setting up shop?
Within 200 nautical miles from shore is a country’s exclusive economic zone. The resources there belong to that country. The federal government decides which areas they want to lease and put those up for auction.
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