7/5/2013

Royal Dutch Shell says that a deepwater discovery in the Gulf of Mexico could hold 100 million barrels of oil. About 500 feet of net oil pay was struck by Shell's Vicksburg exploratory well. "This is a Jurassic-age reservoir that is more than 160 million years old that was deposited as desert dunes and now is sitting beneath the floor of the Gulf of Mexico," said Mark Shuster of Shell Upstream Americas Exploration.

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