Shell adds value to existing heartland acreage
Aug 16, 2017
Shell continues to grow its position in the Paleogene play in the Western and Central Gulf of Mexico – an area where the company has been successfully developing resources for decades.
Shell is the apparent high bidder on 19 blocks totaling approximately $25 million during today’s US Bureau of Ocean Energy Management Lease Sale 249.
As part of the lease sale, Shell acquired blocks AC336, AC337, AC381, KC214, and KC 215.
Growth in the deep-water Gulf of Mexico for Shell includes the Mars B (Shell 71.5%) development, which continues to ramp up production; the Stones (Shell 100%) development; and Shell’s Appomattox project that is currently in the execute phase (Shell 79%, operator and Nexen 21%), contributing to more than a billion barrels of resource for Shell in the last decade.
More about Shell and Deepwater
Shell is a top deep-water oil and gas producer in the Gulf of Mexico. Our focus is always on safe, responsible and innovative deep water operations.
In the Gulf of Mexico, Shell currently operates a number of different types of platforms and systems.