Shell makes 3rd discovery in Gulf's deep waters

A Shell logo is displayed at a petrol station on the day Shell announced record profits, on January 31, 2008 in London, England. (Cate Gillon, Getty Images)
A Shell logo is displayed at a petrol station on the day Shell announced record profits, on January 31, 2008 in London, England. (Cate Gillon, Getty Images)
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Updated: 7/17 9:19 am

BATON ROUGE, La. (AP) — Shell has made its third major discovery in the Norphlet play in the deep waters of the Gulf of Mexico with the Rydberg exploration well.

The partnership includes Shell, Houston-based Ecopetrol America Inc. and Nexen.

The Rydberg well is located 75 miles offshore in Mississippi Canyon Block 525 in 7,479 feet of water. It was drilled to a total depth of 26,371 feet and encountered more than 400 feet of oil-bearing rock.

Shell expects the resource base to be the equivalent of about 100 million barrels of oil.

The Advocate reports (http://bit.ly/1qg4Adl ) together with the Appomattox and Vicksburg discoveries, the latest discovery brings the total potential Norphlet discoveries to the equivalent of more than 700 million barrels of oil.

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Information from: The Advocate, http://theadvocate.com

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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