Shell comes up dry off French Guiana

Royal Dutch Shell (RDS.A, RDS.B) comes up dry with its final well in a four-well exploration program on the Guyane Maritime permit off French Guiana, and will plug and abandon it.

Partner Wessex Exploration says the well had reached a total depth of 6,460 meters and, while it intersected the reservoir sequences expected, no evidence of hydrocarbons was found.

All four wells in the program came up dry despite initially promising signs from a 2011 well in which Tullow Oil was the operator; Tullow (TUWLF, TUWOY) still owns a 27.5% stake in the permit, while current operator Shell owns 45%.

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    Win some, lose some.
    13 Nov 2013, 04:49 PM Reply Like
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