Royal Dutch Shell Group .com Rotating Header Image

August 29th, 2020:

Shell to raise investment plan for Mexican ultra-deepwater field to $345M

Shell to raise investment plan for Mexican ultra-deepwater field to $345M

Aug. 28, 2020 5:43 PM ET|About: Royal Dutch Shell plc (RDS.A)|By: , SA News Editor

Mexico’s National Hydrocarbons Commission approves Royal Dutch Shell’s (RDS.ARDS.B) request to carry out all permitted activities in its exploration plan for the ultra-deepwater Xochicalco oilfield in the Gulf of Mexico.

Shell will drill a well at depths of five miles trying to reach a Wilcox formation, with prospective reserves of as much as 562M boe, boosting its investment in the play to $345.8M from $104M in the original exploration plan, which was first approved in June 2019. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.