The well test is planned to evaluate, for one year, the dynamic, subsurface behaviour of the oil reservoir and enhance the consortium’s knowledge on resource.
“It’s a positive step to begin this early production test at Libra, as the dynamic data will be valuable to optimize the consortium’s future development plans and maximise the value we can create from this prolific field,” said Andy Brown, Upstream Director for Shell. “We continue to focus our deep-water expertise to both support Petrobras in our Joint Venture operations as well as building our own operated portfolio and delivery in Brazil.”
Shell has a 20-per cent stake in the consortium developing the Libra area. Petrobras operates the field with a 40-per cent interest. Total has a 20-per cent stake, and CNPC and CNOOC have each a 10-per cent interest. Last month in Brazil, Shell and partners won three, 35-year production sharing contracts for pre-salt blocks also located in the Santos Basin including two Shell operated blocks.