Olympus TLP secured at Mars B field in deepwater Gulf of Mexico

8/5/2013

Olympus TLP secured at Mars B field in deepwater Gulf of Mexico

HOUSTON -- The Olympus tension leg platform (TLP) reached the Mars B field on July 20 and has now been safely secured in place.

The Olympus TLP is expected to start production in 2014, producing at a rate of 100,000 boed. The site is located about 130 mi south of New Orleans in the Mississippi Canyon and lies in approximately 3000 ft of water.

The Mars field is owned by Shell (71.5%) and BP (28.5%). Discovered in 1989 and brought onto production in 1996, the Mars field is considered one of the largest resource basins in the Gulf of Mexico. The Olympus TLP will also provide process infrastructure for two of Shell's deepwater discoveries, West Boreas and South Deimos.

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