Shell Makes Oil Discovery at Leopard Prospect, Gulf of Mexico
[Click image to enlarge]
Royal Dutch Shell said that its subsidiary Shell Offshore has made an oil discovery in the deep-water U.S. Gulf of Mexico (GoM) through the drilling of the Leopard well.
The exploratory well intersected an oil pay of more than 183m at multiple levels, said Shell. Evaluation is being carried out by the prospect partners to define the development options for the Leopard discovery.
Shell is partnered by Chevron in the deep-water prospect with both the firms having a 50 percent stake each.
According to Shell, the new discovery provides scope to boost production in the Perdido Corridor, which hosts the company’s producing Great White, Silvertip, and Tobago fields.
“Leopard expands our leading position in the Gulf of Mexico and is an exciting addition to our core portfolio, especially given its proximity to existing infrastructure and other discoveries in the Perdido Corridor,” said Shell deepwater Executive Vice President Paul Goodfellow.
“With our U.S Gulf of Mexico production among the lowest GHG intensity in the world, Shell remains confident about the GoM and this latest discovery will help us deliver on our strategy to focus on valuable, high margin barrels as we sustain material Upstream cash flows into the 2030s,” added Goodfellow.
Contained in OCS block Alaminos Canyon (AC) 691, the new oil discovery is located nearly 32km east of the Shell-operated Whale discovery.
The Leopard well is also 32km south of the Blacktip discovery, which was recently appraised, and 53km from the Perdido host, which are both operated by the company.
Shell is set to take a final investment decision this year on the Whale discovery, which is also in the Perdido Corridor.
The Whale discovery will produce through a floating production unit, which will be made up of a topside module and a four-column semi-submersible floating hull.
Currently, Shell has eight deep-water production hubs and a network of subsea infrastructure in the US Gulf of Mexico.
Source: NS Energy
About Royal Dutch Shell
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.
To stop by Royal Dutch Shell’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
