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 by adding new infrastructure.
Using advanced seismic imaging, Shell geologists identified significant, untapped reservoirs in the region. The discovery led to the installation of the Olympus production hub which achieved first oil in February 2014. Olympus, Shell’s seventh floating deep-water platform in the Gulf of Mexico, is located in about 914 metres (3,000 feet) of water. It is specially designed to safely withstand hurricane force conditions.
In addition to the Olympus drilling and production platform, the Shell Mars B development also includes subsea wells at the West Boreas and South Deimos fields in the Gulf of Mexico, as well as export pipelines and a shallow-water platform located near the Louisiana coast.
Society and environment
For decades, the US Gulf of Mexico has been a heartland of energy production. Thousands of Shell employees and contractors work each day to safely find, develop and produce the Gulf of Mexico’s vast oil and gas resources to help power our lives. Safety is crucial to this work. Across all of Shell’s operations, we strive to achieve what we call Goal Zero – no harm to people or the environment.
Shell has been a part of Louisiana and the Gulf Coast for more than 100 years. We are committed to helping shape a positive future for the region through our business activities, social investment programs and employee volunteer work. We partner with many non-profit organisations to support conservation, education in science, engineering, technology and maths (STEM) and economic development projects across the Gulf Coast. Our employees also spend thousands of hours volunteering each year to help rebuild damaged homes, protect and restore Louisiana’s coast, and inspire the state’s next generation of scientists, engineers and leaders.
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Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.