Shell has made a significant deep-water discovery at the Blacktip prospect in the U.S. Gulf of Mexico.
The Blacktip exploration well has encountered more than 400 feet net oil pay with good reservoir and fluid characteristics in the Alaminos Canyon Block 380, approximately 400 kilometres south of Houston.
Shell said that evaluation is ongoing and appraisal planning is underway to further delineate the discovery and define development options.
“Blacktip is Shell’s second material discovery in the Perdido Corridor and is part of a continuing exploration strategy to add competitive deep water options to extend our heartlands,” said Andy Brown, Upstream Director for Royal Dutch Shell.
“We are very pleased with this discovery which confirms the potential in the deepwater Gulf of Mexico and underpins Equinor’s strategy to exploit prolific basins and deepen in core areas,” said Bjørn Inge Braathen, senior vice president for exploration in North America
Drilling at the initial Blacktip well is still underway and has to date encountered more than 400 feet net oil pay with good reservoir and fluid characteristics. The well is currently being deepened to further assess the structure’s potential.
“We await further results from the well and look forward to continue the collaboration with the operator and co-venturers to assess the full potential of the discovery and evaluate options for development,” Braathen added.
Blacktip is operated by Shell (52.375 per cent) and co-owned by Chevron (20 per cent), Equinor Gulf of Mexico (19.125 per cent), and Repsol E&P (8.5 per cent).