Peter Scheid, Cameraman Ho Chi Minh City Vietnam 40,182 views "The cornerstone of Mars B is the Olympus tension-leg platform," confirms Derek Newberry, Mars B business opportunity manager. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. Home to 192 personnel, it has a combined deck area 342,000ft 2 and centre-to-centre column spacing of 250ft. "Olympus is the sixth TLP that Shell has put into the GOM, starting with Auger in 1993. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this release. We had working yards in South Korea and on the Gulf coast of the US; we had marine vessels supplied from companies in Europe; and, in terms of the global supply chain, over 20,000 people worked on Mars B during the execution phase. Home to 192 personnel, it has a combined deck area 342,000ft 2 and centre-to-centre column spacing of 250ft. Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has taken the final investment decision (FID) for the PowerNap deep-water project in the US Gulf of Mexico. A boater passes the Royal Dutch Shell Plc Olympus tension leg platform (TLP) at dawn as it sets sail from Kiewit Offshore Services in Ingleside, Texas, U.S., on Saturday, July 13, 2013. Shell recently offered NPR an up-close look at its newest production platform and oil rig. The Mars B/Olympus Platform in the Gulf of Mexico. Readers should not place undue reliance on forward-looking statements. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. Shell currently is the largest leaseholder and one of the leading offshore producers of oil and natural gas in the US Gulf of Mexico. Standing 406ft tall and weighing in excess of 120,000t, Shell's Olympus tension-leg platform (TLP) is not only a towering feat of engineering; it is also a front-line weapon in the multinational's fight to extend the life of its prolific deepwater Mars field in the Gulf of Mexico (GOM) from 2035 to 2050. "You have to be integrated across everyone who's going to be working on the venture. We may have used certain terms, such as resources, in this release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. So to access those reservoirs, we designed the rig with high capability automation.". How can we operate safely and efficiently? According to Shell officials, the project will be the first in the region to employ an additional floating production system in a producing deepwater field. The Shell-operated (71.5%) Olympus production hub is co-owned by BP Exploration and Production Inc. (28.5%). These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition’, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. with some BH, CH/CH2, and other models . Sept 14 (Reuters) - Royal Dutch Shell Plc on Sunday said production is being curtailed at its Olympus oil and natural gas platform in the Gulf of Mexico … In September 2010, Shell announced plans to add a second TLP, Mars B Olympus, about 130 miles south of New Orleans. Shell discovered PowerNap in 2014. Shell took final investment decision on the Mars-B development, including the new tension leg platform (TLP) called Olympus, in September 2010. In addition to the installation of the Olympus platform, the project involved the development of subsea wells in the development area and the two satellite fields. Each forward-looking statement speaks only as of the date of this release, August 1, 2019. Earlier in the day the company had started securing offshore drilling operations in the northern Gulf of Mexico in the path of the … The addition of Olympus will extend the life of the Mars field to at least 2050. It is Malaysia’s first deep-water platform and expected to contribute up to 25% of the country’s oil production. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. In this release “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. The Olympus TLP will be installed at the Mars Field in approximately 914 meters (3,000 feet) of water depth in the Gulf of Mexico. 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Shell continues to be a leading operator in the US Gulf of Mexico, operating nine production hubs and a network of subsea infrastructure. It is specially designed to safely withstand hurricane force conditions. ". Shell expects to begin production next year. Mars B development area is located approximately 210km (130 miles) south of New Orleans and its reservoirs are located at a depth of 3,050m-6,700m bel… Julian Turner talks to Derek Newberry, Mars B business opportunity manager, about new technologies, integration across the value chain and the importance of deepwater plays. Find out more about the Olympus OM-D E-M1 Mark II Digital Camera Body. The TLP was also affected by Hurricane Katrina and production was stopped temporarily in 2005. To put that in perspective, it has a similar footprint to One Shell Square, the company's 51-storey corporate headquarters in New Orleans. We are also part owner of one producing project in the Gulf of Mexico operated by another oil and gas company. 100% developed by Shell, it is located in the south-central Mississippi Canyon area approximately 240 kilometres (150 miles) from New Orleans in about 1,280 metres (4,200 feet) of water. Shell has taken final investment decision for the PowerNap deepwater project in the US Gulf of Mexico (GOM). Royal Dutch Shell Plc on Sunday said production is being curtailed at its Olympus oil and natural gas platform in the Gulf of Mexico to prepare for potential impacts from Tropical Storm Sally. The project, which will be tied back to the Shell-operated Olympus production hub, is forecast to start production in late 2021 and produce up to 35,000 BOE/D at its peak. Shell Offshore has elected to invest in its PowerNap deep-water project in the U.S. Gulf of Mexico, a subsea tie-back to the Shell-operated Olympus production hub. "The platform is designed to access deeper reservoirs than had been thought possible with the Mars A 24 TLP, which had been in production since 1996. The Mars field was initially discovered by Royal Dutch Shell () in 1989. Olympus, Shell’s seventh floating deep-water platform in the Gulf of Mexico, is located in about 914 metres (3,000 feet) of water. Shell also employed next-generation ocean-bottom node and wide azimuth (WAZ) surveying techniques for 4D data acquisition, and to optimise recovery rates from the deepwater reservoirs. ", "We also have dedicated oil and gas export lines that depart from Olympus and head almost due north to an existing shallow water complex called West Delta 143," he continues. "When we started to develop Mars, we thought the deepest reservoirs were three miles below sea level, but advancements in seismic technology meant that we found hydrocarbons at around four miles. It said Tuesday the project should extend the life of the greater Mars basin to 2050 or beyond. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. We will extend the field life of Mars from 2035 to 2050. Shell discovered PowerNap in 2014. In May, Shell plans to sail the completed Olympus platform out to the Mars B development to join the Mars platform, which has been operating since … Shell discovered PowerNap in 2014. "Olympus is the first TLP to be connected to One Shell Square via a fibre-optic cable with the ability to transfer a volume of data. Royal Dutch Shell announced on Feb. 4 that it started oil production from its “Olympus” platform in the Gulf of Mexico. "PowerNap further strengthens Shell’s leading position in the Gulf of Mexico,” said Wael Sawan, Shell’s Upstream Director. Production is targeted for 2015.The Olympus TLP is the largest ever deployed in the Gulf of Mexico. This release contains forward-looking statements (within the meaning of the U.S. The Olympus OM-D E-M1 Mark II Digital Camera Body is a superior, upgraded compact camera system that builds We immediately saw a very strong seismic response indicating that there were hydrocarbons there. Shell Offshore expects production to begin in late 2021 from deepwater PowerNap oil and gas field in the gulf. Combined production from Olympus and Shell’s original Mars platform is expected to deliver an estimated resource base of 1 billion barrels of oil equivalent (boe). It will head out into the Gulf in a month. Jack Up Rig and Aerial Filming - Film/Video Production/Cameraman/Videographer in Vietnam - Duration: 2:42. PowerNap is a subsea tie-back to the Shell-operated Olympus production hub. 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