World of Oil and Gas ///

The Olympus tension leg platform (TLP) reached the Mars B field on July 20, and has now been secured in place safely. Olympus should start production in 2014, producing 100,000 boed. The site is about 130 mi south of New Orleans in the Mississippi Canyon, and lies in approximately 3,000 ft of water. Mars field is owned by Shell (71.5%) and BP (28.5%). Discovered in 1989 and brought into production in 1996, Mars field is considered one of the largest resource basins in the Gulf of Mexico. Olympus will also provide process infrastructure for two of Shell’s deepwater discoveries, West Boreas and South Deimos.

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