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    Shell Starts up Brazilian Lula N Field

Summary

Deepwater oil and gas is one of Shell's growth engines, LNG being another.

by: William Powell

Posted in:

Complimentary, Natural Gas & LNG News, Americas, Corporate, Exploration & Production, News By Country, Brazil

Shell Starts up Brazilian Lula N Field

Anglo-Dutch major Shell and partners have started production at the Lula North deep-water project in the Brazilian Santos Basin, it said February 1.

Production at Lula North is processed by the P-67 floating production and storage offloading vessel (FPSO) and is operated by Petrobras (pictured below). The production hub is the seventh FPSO deployed at Lula and the third in a series of standardised vessels built for the consortium. It is designed to process up to 150,000 barrels of oil and 6mn m3/day of gas.

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Shell and its partners began production at Lula Extreme South with the P-69 FPSO in October 2018. Shell has a 25% stake in the Lula consortium, operated by Petrobras (65%) and Portugal's Galp (10%). Discovered in 2006, Lula is the largest producing field in Brazil and accounts for 30% of the country’s oil and gas production. Shell acquired the asset as part of its BG acquisition.

 

New, deep-water production is underway today at Lula North in the Brazilian Santos Basin.