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Shell strikes big oil in Gulf Of Mexico

April 25/2019

MOSCOW (MRC) -- Royal Dutch Shells US unit said that it had made one of its biggest oil discoveries in the Blacktip deepwater well in the US Gulf of Mexico, reported Reuters.

Blacktip, operated by Shell and co-owned by US oil giant Chevron Corp, Equinor ASA and Repsol, is the companys second material discovery in the Perdido Corridor, Shells Upstream Director Andy Brown said.

"The Blacktip exploration well has encountered more than 400 feet (122 meters) net oil pay with good reservoir and fluid characteristics," the company said.

"Evaluation is ongoing and appraisal planning is underway to further delineate the discovery and define development options," it added.

Blacktip was discovered in the Alaminos Canyon, about 30 miles from the Perdido platform and discovery at Whale, a deepwater well operated by Shell and co-owned by Chevron.

Shell is developing a number of new projects around the world, including in the Gulf of Mexico and Brazil, and has been looking to increase its footprint in onshore US shale production, particularly in the Permian Basin.

Shell, which has added more than one billion barrels of oil equivalent (boe) resources in the last decade in the Gulf of Mexico, said its global deep-water production is on track to exceed 900,000 boe per day by 2020, from already discovered, established areas.

As MRC informed earlier, in March 2019, Mammoet safely completed a critical lift at Shells Pennsylvania Chemicals Project in Potter Township, utilizing its MSG80 to hoist a 2,000 ton quench tower into position. The facility is the first major US project of its kind to be built outside of the Gulf Coast region in 20 years. Once operational, the facility will boast an ethane cracker and three polyethylene units, and is expected to employ up to 600 employees. As part of its heavy lift scope, Mammoet recently lifted the tallest and heaviest piece, a quench tower, into place using its specialized MSG80 crane.

Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
Author:Margaret Volkova
Tags:PE, shale gas, crude and gaz condensate, ethylene, gas processing, petrochemistry, Chevron, Equinor, Repsol, Shell, USA.
Category:General News
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