Shell Oil Company has made a final investment decision for its Mars B deepwater development, located 130 miles south of New Orleans, LA in the Gulf of Mexico. The development will include a second tension-leg platform, named Olympus, to enhance recovery from the prolific Mars field. The new platform will also provide process infrastructure for two of Shell's recent deepwater discoveries, West Boreas and South Deimos, and can potentially serve the nearby, rich exploration portfolio in the Gulf of Mexico. The tension-leg platform is a proven concept which Shell first executed in the early '90s for its Auger hub. Shell then followed with deepwater, tension-leg platforms for its Mars "A", Ram-Powell, Ursa, and Brutus developments. First production from the Mars B Olympus platform is expected in 2015; the facility will be designed to process 100,000 boed.
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