Shell produces first oil from Brazil offshore project
Shell and its partners have begun production from the second development phase of the Parque das Conchas (BC-10) project, located off Brazil's south-east coast. The BC-10 project (Shell share 50 percent, Petrobras 35 percent, ONGC 15 percent) is comprised of several subsea fields which are tied back to a floating production, storage and offloading (FPSO) vessel, named the Espírito Santo.
In 2009 the first phase of the project began production, when the Abalone and Ostra fields were connected, along with the Argonauta B-West reservoir. The peak production of the first phase was more than 90,000 barrels of oil equivalent (boe) in 2010, and is currently producing some 35,000 boe per day. Phase 2 connected a fourth reservoir to the vessel, the Argonauta O-North. At its peak, Phase 2 is expected to produce approximately 35,000 boe per day.
“Boosting production at BC-10 with the completion of phase two is another great example of our successful project development, delivery and execution capabilities,” said John Hollowell, executive vice president for Deep Water, Shell Upstream Americas. “It is a great day for Shell in Brazil.”
Building on what was already a successful proving ground for technology innovation; a 4-D Life of Field Seismic monitoring system was installed as part of Phase 2 subsea development. This technology, consisting of a network of seismic sensors installed throughout the field on the seabed, allows the company to more effectively and efficiently monitor the reservoir. This is the deepest installation of its kind on a full-field scale in the world (approximately 1,800 meters or 6,000 feet).
Expecting to maximize the production life of BC-10 even further, Shell and its partners recently announced in July the decision to move forward with the project's third development phase, which will include the installation of subsea-infrastructure at the Massa and Argonauta O-South reservoirs. Once online, Phase 3 of the BC-10 project is expected to reach a peak production of 28,000 boe.
BC-10 Phased Development Outline
Phase 1: Began production in 2009 from Abalone, Ostra and Argonauta (Argonauta B-West reservoir) fields.
Phase 2: Began production in October 2013 from Argonauta O-North field reservoir.
Phase 3: In July 2013, Shell and partners decide to move forward with development of the Massa and Argonauta O-South reservoirs.
Shell is currently operating two FPSOs in Brazil's offshore - the Espírito Santo at Parque das Conchas and the Fluminense at the Bijupirá/Salema fields.
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.