Shell has announced a "significant new oil discovery" in the deepwater Gulf of Mexico.
The find is located in the Appomattox prospect area in the Mississippi Canyon. The well was drilled through more than 7,200 feet of water to a total depth of 25,077 feet where it found a 530'-thick layer containing oil.
A published report indicates the discovery is estimated to hold at least 100 million barrels of oil. Shell's partner, Nexen Inc. which owns rights to 20 percent of the new discovery, says the find has "excellent reservoir quality."
The new well complements two other successful wells that were drilled in the Shiloh prospect in 2003 and at Vicksburg in 2007, about 6 miles east of Appomattox. For each well, Shell partnered with Nexen.
Although drilling in the deepwater of the Gulf is very ex... more »
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