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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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  • sbtager@aol.com
    , contributor
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    Win some, lose some.
    13 Nov 2013, 04:49 PM Reply Like
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