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Forbes / AFX News Limited: Shell finds oil in Gulf of Mexico’s Vicksburg prospect

02.04.08, 10:46 AM ET

LONDON (Thomson Financial) – Royal Dutch Shell PLC said it found oil at the offshore Vicksburg prospect in the eastern part of the Gulf of Mexico.

The well was drilled to a depth of around 25,400 feet and encountered a ‘hydrocarbon column of approximately 300 feet,’ said Shell, the operator of the field with a 57.5 pct stake.

‘The results from Vicksburg are encouraging,’ said Annell Bay, vice president of exploration for Shell in the Americas.

Nexen holds a 25 pct stake in the project, while Plains Exploration & Production Co owns 17.5 pct.

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http://www.forbes.com/markets/feeds/afx/2008/02/04/afx4610616.html

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