Houston (Platts)--9Jan2013/338 pm EST/2038 GMT

Production from wells in Shell's ultra-deepwater Perdido Hub in the US Gulf of Mexico is now reaching over 115,000 b/d of oil equivalent, nearing total capacity, Shell Oil President Marvin Odum said Wednesday.

"The project is doing extremely well," Odum told reporters during a press conference at the Shell Innovation Summit in Houston. "We have crossed another milestone."

Perdido has the capacity to handle 100,000 b/d of oil and 200,000 Mcf/d of natural gas, or 130,000 boe/d.

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The Perdido Hub is still the "deepest spar in the Gulf of Mexico," Odum said. It sits on Alaminos Canyon block 857, 200 miles offshore Texas.

In November 2011, Shell began production on its Tobago field, one of the three fields tied to Perdido Hub. At the time, the company described one well as the "world's deepest subsea well" in 9,627 feet of water.

The hub's other two fields are Great White and Silvertip. The Great White field represented about 80% of Perdido's total estimated production in March 2010, when production began at the field, according to a statement released at the time.

Perdido is owned jointly by Shell (35%), BP (27.5%) and Chevron (37.5%), according to the company's website. Shell is the operator of the project.

--Bridget Hunsucker, bridget_hunsucker@platts.com
--Edited by Katharine Fraser, katharine_fraser@platts.com

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