Log in to your IBTimes Account

close
ID
Password

Shell waterflooding in Gulf of Mexico



By AP
07 July 2008 @ 02:38 pm EST

AMSTERDAM, Netherlands - Royal Dutch Shell PLC said Monday it has begun waterflooding offshore oil wells in the Gulf of Mexico to raise production by 30,000 barrels per day.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
XOM 73.08 10.72
BP 46.5 5.95
COP 56.24 8.01

SYMBOL LOOKUP

Shell said injecting filtered and treated sea water into the reservoirs to displace additional oil is expected to extend the life of the Usa-Princess field by 10 years, and it expects to continue waterflooding the site for 30 years.

The first water was injected Thursday, it said.

The area, 100 miles (160 kilometers) off the mouth of the Mississippi River, has produced more than 400 million barrels since Ursa went into production in 1999. The Princess field, which is linked to the same reservoir, was opened in 2003.

"We believe potential exists for continued development of material oil and natural gas within this basin," Shell Vice President Russ Ford said in a statement.

Ursa is in water 3,800 feet (1,160 meters) deep, while the Princess field lies under 3,650 feet (1,100 meters) of water.

Shell said the topside injection system pumps water through two separate flow lines to three underwater sites, two existing well sites and a new site northeast of the Ursa platform.

Shell operates the project with a 45.4 percent stake. Its partners are BP Exploration and Production Inc., Exxon Mobil Corp. and ConacoPhillips Co.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
The Bush administration will spend $250 billion this year to purchase stock in banks and take a number of other bold steps in an effort to combat a globa...
Base metals prices have bounced due to an anticipated recovery of financial markets sparked by efforts to recapitalise banks.
Rio Tinto's unit Energy Resources of Australia has reported a 1% fall in uranium output for the third quarter.

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives