RIGZONE: Shell E&P Offering Gulf of Mexico Farm-in Opportunities

IndigoPool.com
Shell Exploration & Production Company is marketing working interest positions, associated with a suite of prospects, located across the Gulf of Mexico – one of the most prolific hydrocarbon basins in the world. Most are deep water prospects but there are several on the shelf. These farm-outs are now being made available as a result of portfolio rationalization. The successful farm-in companies will take over operatorship and all responsibilities for the leases, from the effective date of farm-out until lease expiration.
A total of twenty-seven mostly Plio-Pleistocene to Miocene prospects are being offered as farm-in opportunities. The prospects range from shallow amplitude supported to deep non amplitude supported structures. The prospects are considered to have a high probability of success with individual reserve potential ranging from 20-30 MMBOE to 100 MMBOE. All but one prospect are supported by high quality 3D seismic and surrounding well data. All prospects are located close to existing infrastructure. Fifty-three OCS lease blocks are covered. Some of the blocks being offered will expire in mid to late 2006 – providing near term production potential, with adequate time for proper analysis and drilling operations. Offers can be made on any combination of prospects. These farm-in opportunities offer a sizable position for portfolio enhancement and growth in one of the most attractive, highest margin, hydrocarbon provinces in the world.
Transaction Details:
21 prospects on 53 OCS blocks available for farm-in
Prospect information sheets and technical presentations (CA req'd) available on IndigoPool through March 15th
Physical data rooms available at Shell's offices in Houston
Data rooms will be open until mid March 2006
A Confidentiality Agreement (CA), incl. verification of appropriate seismic licenses, needs to be signed before entering the data rooms
Full farm-out of Shell equity, terms subject to negotiation
Bids requested to be submitted by March 15th, 2006
Contact:
Sonny Lawson
Senior Contracts Representative, GoM Exploration
Shell Exploration & Production Company
200 N. Dairy Ashford, Houston, TX 77079
United States of America
Office Phone: +1-281-544 2118
Email: [email protected]

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