Wednesday, July 24, 2013

Shell Strikes Oil in Gulf of Mexico

Neftegaz Tuesday 23rd July, 2013

Royal Dutch Shell plc announced Wednesday in The Hague, Netherlands, that its Vicksburg deepwater well in the Gulf of Mexico has been a success, having encountered more than 500 feet of net oil pay after being drilled to a depth of 26,385 feet. Shell said that, in total, the Vicksburg A discovery ? located 75 miles offshore in the De Soto Canyon Block 393 ? is estimated to contain potentially recoverable resources of more than 100 million barrels of oil equivalent. The discovery adds to the 500 million barrels of oil equivalent in potentially recoverable resources that have alr...

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Source: http://www.texasguardian.com/index.php/sid/216010923/scat/bef2bf598e76a3e6

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