Shell Joint Venture Announces an Important New Oil Discovery in Deepwater Brunei
THE HAGUE, The Netherlands, March 14, 2011 /PRNewswire-FirstCall/ -- Brunei Shell Petroleum (BSP - Shell 50%) announced today a significant new oil discovery in the coastal waters of the south-east Asian sultanate. The discovery, named Geronggong, is situated in the 3rd Offshore Acreage Area, approximately 100km offshore where water depth is approximately 1000m, the deepest water depth in which BSP has discovered hydrocarbons in Bruneian acreage.
BSP drilled the discovery utilizing the deepwater drilling rig Noble Phoenix. Prior to its arrival in Brunei, the drillship has undergone refurbishment and recertification on their thrusters, riser and blow out preventer (BOP) systems, leading to full in compliance with the high standards of Shell's Health, Safety and Environment (HSE) criteria for deepwater drilling.
"I am delighted that the ongoing high success rates of near field exploration in Brunei in the last years have been augmented by this significant volume addition in the deepwater", said Ceri Powell, Shell's Executive Vice President of Exploration Upstream International, "It is testament to the quality of the technical exploration analysis undertaken within Brunei Shell Petroleum, supported by the latest technologies and knowledge sharing from within Shell."
Follow-up plans involve assessment of the full field recovery potential, including further appraisal drilling over the next two years.
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SOURCE Royal Dutch Shell plc