Shell reports Vicksburg discovery in deepwater Gulf of Mexico

7/3/2013

Shell reports Vicksburg discovery in deepwater Gulf of Mexico

BY IAN WALKER

LONDON -- Shell announces a successful exploratory well at the Vicksburg field in deepwater Gulf of Mexico, which was drilled to a total depth of 26,385 ft and encountered more than 500 ft of net oil pay.

Well is located 75 mi offshore in the De Soto Canyon Block 393 in 7,446 ft of water. In total, the Vicksburg "A" discovery is estimated to hold potentially recoverable resources of more than 100 MMboe.

Well adds to the more than 500 MMboe of potentially recoverable resources that have already been discovered and appraised at the nearby Appomattox discovery. Vicksburg "A" is a separate accumulation from both Appomattox and the 2007 Vicksburg "B" discovery.

Shell is operator of the well with a 75% interest; and Nexen has a 25% interest.

Dow Jones Newswires

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