Shell makes deepwater oil discovery in the Gulf of Mexico
Shell Offshore Inc. has reported an oil discovery at the Blacktip prospect in the deepwater US Gulf of Mexico.
The Blacktip exploration well encountered more than 400 ft (122 m) net oil pay with good reservoir and fluid characteristics. The well is currently being deepened to further assess the structure’s potential.
Evaluation is ongoing and appraisal planning is under way to further delineate the discovery and define development options, Shell said.
Blacktip is operated by Shell (52.375%) and co-owned by Chevron U.S.A. Inc. (20%), Equinor Gulf of Mexico LLC (19.125%), and Repsol E&P USA Inc. (8.5%).
Andy Brown, Upstream Director for Royal Dutch Shell, said: “Blacktip is Shell’s second material discovery in the Perdido corridor and is part of a continuing exploration strategy to add competitivedeepwater options to extend our heartlands.”
Blacktip adds to the company’sPaleogene exploration success in the Perdido area. In the last decade, Shell has discovered more than 1 Bboe in the Gulf of Mexico. The company said its global deepwater production is on track to exceed 900,000 boe/d by 2020, from already discovered, established areas.