Royal Dutch Shell To Increase Production in Brazil

Royal Dutch Shell PLC (RDSA.LN) said Monday that it and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas, BC-10, and the Bijupirá/Salema fields in Brazil .

MAIN FACTS:

-For Parque das Conchas, Shell and its partners Petrobras and ONGC, have decided to move forward with Phase 3 of the project, which will include the installation of subsea-infrastructure at the Massa and Argonauta O-South fields.

-These fields will be tied-back to the Espírito Santo - the floating, production, storage and offloading vessel (FPSO) - that is at the center of the Parque das Conchas development.

-Once online, Phase 3 of the BC-10 project is expected to reach a peak production of 28,000 barrels of oil equivalent per day; Shell share 50%, Petrobras 35%, ONGC 15%.

-Since coming on-stream in 2009, the BC-10 project has produced more than 70 million boe.

-Phase 2 of the project, to tie-in the Argonauta O-North field, continues to progress and is expected to come online late 2013 with a peak production of 35,000 boe per day; Shell share 50%, Petrobras 35%, ONGC 15%.

-At the Bijupirá/Salema fields, a re-development is underway that includes the drilling of four new production wells.

-This is expected to boost production from these fields to a peak of 35,000 boe per day in 2014; Shell share 80%, Petrobras 20%.

-The Bijupirá/Salema fields have produced close to 100 million boe since startup in 2003.

-Shares at 1106 GMT, up 2 pence, or 0.1%, at 2,232 pence valuing the company at GBP85.32 billion.