Shell confirm South American oil discovery

Oil giant Shell have announced an oil discovery in the Guyane Maritime permit off the coast of French Guiana, in the north of South America. A joint venture, operated with […]

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By Tom Gibson

Oil giant Shell have announced an oil discovery in the Guyane Maritime permit off the coast of French Guiana, in the north of South America.

A joint venture, operated with Tullow and Total, the well has found over 70 meters of oil after drilling in a water depth of over 2,000 meters.

Dave Lawrence, Shells Executive Vice President of Exploration and Commercial, said: “We are early in the evaluation, but the initial results are encouraging for this new play. The joint venture will continue to drill ahead, evaluate the well results, and determine next steps.”

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