Shell Makes Significant Oil Find in US Gulf of Mexico

3 mins read  Sealuminati TeamMay 19, 2021

Shell, which is one of the largest deep-water leaseholders, has made a big discovery at the Leopard prospect, located 394 kilometers south-southeast of Houston in the deepwater United States Gulf of Mexico. This is Shell's second 'Leopard' discovery.

The Leopard experienced more than 600 feet (183 meters) of net oil pay at many stages and an assessment is underway to identify development options.

"Leopard enhances our leadership position in the Gulf of Mexico and is an exciting expansion to our core portfolio, particularly given its proximity to existing infrastructure and other discoveries in the Perdido Corridor"This affirmation was given by Paul Goodfellow, Vice President of Shell Deepwater Executive. Shell and Chevron own 50 percent of the prospect.
"With our U.S. Gulf of Mexico production is among the lowest GHG intensity in the world, this will help us deliver on our strategy to focus on valuable, high margin barrels as we sustain material upstream cash flows into the 2030s, “ he said.

Leopard was a good opportunity to increase production in the Perdido corridor. They also declared that the Whale discovery was approaching a final investment decision in 2021.

Leopard is located in the OCS block Alaminos Canyon (AC) 691, just 20 miles east of the Whale discovery, 33 miles west of the Perdido host, and 20 miles south of the newly examined Blacktip discovery.