Shell makes major deepwater discovery in Gulf Mexico

Shell makes major deepwater discovery in Gulf of Mexico

5:16 AM, 1st February 2018
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THE HAGUE, NETHERLANDS: Shell Offshore Inc, a subsidiary of Royal Dutch Shell plc said that one of its largest US Gulf of Mexico exploration finds a large Whale deep-water well. The well encountered more than 1,400 net feet (427 meters) of oil-bearing pay. Evaluation of the discovery is ongoing, and appraisal drilling is underway to further delineate the discovery and define development options. 

Whale is operated by Shell (60 percent) and co-owned by Chevron USA Inc (40 percent). It was discovered in the Alaminos Canyon Block 772, adjacent to the Shell-operated Silvertip field and approximately 10-miles from the Shell-operated Perdido platform.

This major discovery in a Shell heartland adds to the company’s Paleogene exploration success in the Perdido area. Through exploration, Royal Dutch Shell has added more than one billion barrels of oil equivalent resources in the last decade in the Gulf of Mexico.

“Deepwater is an important growth priority as we reshape Shell into a world-class investment case. Today’s announcement shows how, through exploration, we are sustaining a strong pipeline of discoveries and future projects to sustain this deep-water growth,” said Andy Brown, upstream director for Royal Dutch Shell.

“Whale builds on Shell’s successful, nearly 40-year history in the deep waters of the Gulf of Mexico and is particularly special in that it offers a combination of materiality, scope and proximity to existing infrastructure. The result is another opportunity to think differently about ways we can competitively develop deep-water resources,” said Marc Gerrits, executive vice-president exploration for Royal Dutch Shell.

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