Wednesday, January 31, 2018

Shell claims major GoM oil discovery

Oil major Royal Dutch Shell has made one of its biggest oil discoveries in the past decade in the Whale deepwater well in the Gulf of Mexico, although a Shell Offshore Inc. statement didn’t give figures. The Whale is operated by Shell and co-owned by Chevron Corp., according to a Shell Offshore Inc. Shell has three GoM deepwater projects under construction - Appomattox, Kaikias, and Coulomb Phase 2. It has added more than one billion barrels of oil equivalent (boe) resources in the last decade in the Gulf. The company expects global deepwater production to exceed 900,000 boe per day by 2020 from already established areas. (Source: Marine Link 01/31/18)