The Olympus is Shell’s state-of-the art platform designed to operate in the Gulf of Mexico’s deep water and is the largest of its kind in the world. The new platform will extract production from eight Mississippi Canyon blocks: 762, 763, 764, 805, 806, 807, 850 and 851. Shell expects this project to extend the life span of the Mars field to at least 2050. The development partners of the field are Shell (71.5%) and BP (28.5%). Shell estimates that there are 1 Bbbl left in the area. Houston, Texas 77079, Copyright William Jacob Management, Inc. All Rights Reserved Shell operates the Mars development, and owns 71.5% of the field, with BP controlling the remaining 28.5%. Shell’s Olympus tension leg platform — a four-legged rig tethered to the seafloor — began producing oil earlier this year and is jump-starting its Mars B project. The Mars B Project added the following greenfield infrastructure to boost production at the Mars field and nearby exploration discoveries: the Olympus tension leg platform (TLP), which has 24 well slots and a self-contained drilling rig; the West Boreas/South Deimos subsea system; and an oil and gas export system, which includes the WD-143C shallow-water platform. Olympus, Shell's biggest constructed tension leg platform, started the ten day, 425-mile voyage to Mars B Field in the Gulf of Mexico on July 13. The Project. Shell’s Mars B development is the first deep-water project in the US Gulf of Mexico to expand an existing offshore oil and gas field with significant new infrastructure, which should extend the life of the greater Mars basin to 2050 or beyond. New export pipelines were laid tying back to the new West Delta 143C shallow-water drilling platform near the Louisiana coast, from where production is linked to the existing export pipeline infrastructure. The Olympus TLP is Shell’s sixth and largest tension leg platform and will provide process infrastructure for two of Shell’s deep water discoveries, West Boreas and South Deimos. Using advanced seismic imaging, Shell geologists identified significant, untapped reservoirs in the region. In addition to the installation of the Olympus platform, the project involved the development of subsea wells in the development area and the two satellite fields. The TLP is the second at the Mars field and the sixth of its type for Shell in the Gulf of Mexico. Shell hopes to extend life of Mars B to 2050 with new Olympus TLP. Shell - Olympus William Jacob Management is providing support to Shell with engineering and design on the new build drill rig Olympus tension leg platform (TLP). Liked by Marshall Montominy. After the Macondo incident in 2010 brought drilling in the deepwater Gulf of Mexico to a halt, some observers questioned whether the region could ever regain its position as one of the world's premier energy basins. An emphatic vote of confidence in capital-heavy deepwater projects, Mars B aims to maximise recovery rates from the Mars field and nearby exploration discoveries. Mars is a permanent offshore drilling and production tension-leg oil platform operating in Mississippi Canyon blocks 762, 763, 806, 807, 850 and 851 in the Gulf of Mexico and was approved by the MMS in December 1992 with production beginning on July 8, 1996. When Shell first encountered hydrocarbons in the Mars basin in 1989, it was one of the Gulf’s largest discoveries to date. Interests: Shell (71.5%, operator) and BP (28.5%) Field: Mars. February 17, 2014 | | Client information, Employee development, Our Blog, Rave 1. 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