ROYAL DUTCH SHELL PLC: Gulf of Mexico Success at Shell's Vicksburg "A" Well

ROYAL DUTCH SHELL PLC: Gulf of Mexico Success at Shell's Vicksburg "A" Well
Gulf of Mexico Success at Shell's Vicksburg "A" Well               
July 3, 2013 (Hague) - Shell today announces a successful exploratory well at
Vicksburg in the deepwater Gulf of Mexico.  The well is located 75 miles (120
kilometers) offshore in the De Soto Canyon Block 393 in 7,446 feet (2,269
meters) of water. It was drilled to a total depth of 26,385 feet (8,042 meters)
and encountered more than 500 feet (152 meters) of net oil pay. 
In total, the Vicksburg "A" discovery is estimated to hold potentially
recoverable resources of more than 100 million barrels of oil equivalent
(mmboe). It adds to the more than 500 mmboe of potentially recoverable
resources that have already been discovered and appraised at the nearby
Appomattox discovery. Vicksburg "A" is a separate accumulation from both
Appomattox and the 2007 Vicksburg "B" discovery.   
"The results of the Vicksburg well strengthen our existing deepwater Gulf of
Mexico exploration portfolio and should contribute to the nearby Appomattox
discovery," said Mark Shuster, Executive Vice President Shell Upstream Americas
Shell (the operator with a 75% interest) and Nexen, a wholly-owned subsidiary
of CNOOC Limited, (25% interest), are following up the Vicksburg "A" well with
a sidetrack well to test the Corinth prospect, a separate fault block from the
Vicksburg discovery. Further exploration drilling targeting tie-backs to
Appomattox will follow. 
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-0- Jul/03/2013 06:00 GMT
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