Shell sees peak output for Brazil’s Lula field in 2020, 2021

Brazil’s most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday.

The increase in production next year will be helped by the launch of platforms P-67 and P-69, which should go online in 2019, according to Cristiano Pinto da Costa, Shell’s general manager for the Santos basin’s Lula, Sapinhoa, Iracema and Lapa fields.

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