September 26, 2018 / 6:53 PM / 3 months ago

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

RIO DE JANEIRO, Sept 26 (Reuters) - Brazil’s most productive field, Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, an executive at Royal Dutch Shell said on Wednesday.

Cristiano Pinto da Costa, Shell’s General Manager for the Lula, Sapinhoa, Iracema and Lapa fields, all located in the Santos basin, made the comments on the sidelines of an oil conference in Rio de Janeiro.

The field averages 879,000 barrels of oil per day, and is operated by Brazil’s state oil company Petroleo Brasileiro in a consortium with Shell and Portugal’s Galp . (Reporting by Marta Nogueira and Alexandra Alper; Editing by Christian Plumb)

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