Shell finds 100M barrels of oil in deepwater Gulf discovery

Royal Dutch Shell has discovered 100 million barrels of oil equivalent at its deepwater Kaikias field in Gulf of Mexico, according to Fuel Fix. The Kaikias discovery is 60 miles south of the Louisiana coast in the Mars-Ursa Basin.

The field is near three of Shell’s offshore production facilities (the Mars, the Mars B, and the Ursa) and a network of subsea pipes, which should make the field more economical to develop than more remote projects.

Fuel Fix noted that, if Shell develops the Kaikias discovery, it would benefit the Mars, Mars B, and Ursa facilities, which have a combined output capacity of about 500,000 barrels a day.

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