Companies in the news ///

Nexen Inc. agreed with Shell Exploration and Production Co. to jointly explore a 1,044 sq mi area of the Continental Shelf of the Gulf of Mexico for natural gas in Niocene reservoirs. At press time, the first well slated to be drilled under the agreement is a test of the Fergana prospect on South Trimbalier 239 and 248 Blocks, about 115 mi south of New Orlelans in 210 ft of water. Nexin will earn 40% interest in Fergana.

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