• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 2 hours Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 55 mins Renewables provided only about 4% of total global energy needs in 2018
  • 4 hours Berkeley becomes first U.S. city to ban natural gas in new homes
  • 2 days Iran Captures British Tanker sailing through Straits of Hormuz
  • 1 day EIA Reports Are Fraudulent : EIA Is Conspiring With Trump To Keep Oil Prices Low
  • 3 days Drone For Drone = War: What is next in the U.S. - Iran the Gulf Episode
  • 2 hours Today in Energy
  • 13 hours Shale Oil will it self destruct?
  • 2 days Oil Rises After Iran Says It Seized Foreign Tanker In Gulf
  • 10 hours So You Think We’re Reducing Fossil Fuel? — Think Again
  • 3 hours N.Y. Governor Signs Climate Bill
  • 3 hours First limpet mines . . . . now fly a drone at low altitude directly at U.S. Navy ship. Think Iran wanted it taken out ? Maybe ? YES
  • 3 days LA Solar Power/Storage Contract
  • 20 hours U.S. Administration Moves To End Asylum Protections For Central Americans
Iran’s Tactical Move To Skirt Sanctions

Iran’s Tactical Move To Skirt Sanctions

Iran is shifting focus from…

Cracks In Gasoline Demand Weigh On Oil Markets

Cracks In Gasoline Demand Weigh On Oil Markets

Slowing economic growth has taken…

Shell Find more Oil in the Gulf of Mexico with Vicksburg Exploratory Well

Royal Dutch Shell is celebrating after its Gulf of Mexico Vicksburg exploratory well discovered an estimated 500 feet of oil, thought to contain around 100 million barrels, and boosting the company’s Gulf of Mexico asset value. Shell had already encountered a 500 million barrel reserve just five miles away at the Appomattox site.

Mark Shuster, the executive vice president of Shell Upstream Americas Exploration, said that “this is a Jurassic-age reservoir that is more than 160 million years old that was deposited as desert dunes and now is sitting beneath the floor of the Gulf of Mexico.”

Shell has had a lot of success drilling on the back of a hunch.

The Norphlet Play is a large Upper Jurassic play that exists in most areas of Mississippi, Alabama, and Louisiana, and around 15 years ago Shell’s geologists suggested that the play could possibly stretch out into the deep waters of the Gulf of Mexico.

Shuster explained that “no one thought we would be able to find oil in this reservoir in the deep water. But we made the first forays into this play, and subsequently, other companies are coming along.”

Related article: The Difference Between Shell and Barrick

Shell bought the required licenses in 2002, and then made its first discovery at Appomattox in 2009.

Shell’s Deepwater Nautilus drilling platform was used on the Appomattox and Vicksburg wells.
Shell’s Deepwater Nautilus drilling platform was used on the Appomattox and Vicksburg wells.

Shuster said that “the Norphlet Play is a strong pillar of our portfolio. We have been out there since the early 2000s, exploring for oil in these deep plays. We are quite happy — we have had the Appomattox success and now this new Vicksburg success.

Related article: Evolving in the Deep: The Ultra Drill Ship

The reason that Vicksburg is important is that it is another significant discovery and it is adjacent to Appomattox. What’s most surprising is that we found a resource base that is in the range of what we had expected, but at the higher end.”

Having the Vicksburg and Appomattox wells so close to each other offers the possibility of linking them in order to share some of the production costs, and making them more profitable.

The Vicksburg is one of Shell’s deepest Gulf of Mexico wells, drilled to a total depth of 26,385 feet, and standing in nearly 7,500 feet of water.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play