Olympus Ultra-Deepwater Crude Oil Platform in Start-Up Mode in Gulf

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Researched by Industrial Info Resources (Sugar Land, Texas)--Construction on the Mars B Olympus Offshore Crude Oil Platform in the Gulf of Mexico has finished, and the project is in start-up mode. This $3 billion tension leg platform, located about 130 miles off the Louisiana coast in Shell's Mars Deepwater Field, is scheduled to begin production early next year.

The 120,000-ton platform sits in about 3,000 feet of water. The platform will have an oil production capacity of up to 100,000 barrels per day (BBL/d) and storage capacity of 220,000 barrels.

Shell Upstream Americas Company (Houston, Texas), a unit of Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands), owns 71.5% of the project. BP Oil Company (Cleveland, Ohio), a unit of BP plc (NYSE:BP) (London, England), owns the remaining 28.5%.

The Olympus platform is part of the Mars B development plan, which will draw production from eight Mississippi Canyon blocks in the Gulf. A 40-mile crude-oil pipeline and a 40-mile natural gas pipeline will connect the blocks with the Olympus platform.

Major equipment suppliers and contractors on the project include Heerema Marine Contractors (Leiden, The Netherlands), Samsung Heavy Industries Company Limited (Seoul, South Korea), Kiewit Corporation (Omaha, Nebraska), Drill-Quip Incorporated (NYSE:DRQ) (Houston, Texas), Jacobs Engineering Group Incorporated (NYSE:JEC) (Pasadena, California), Waldemar S. Nelson & Company (New Orleans, Louisiana), Nabors Industries Limited (NYSE:NBR) (Hamilton, Bermuda) and Crowley Maritime Services (Jacksonville, Florida).

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