INEOS Energy (21% WI) has announced a new oil Norphlet discovery in the Gulf of America. The Shell (79% WI) operated well, Nashville, marks INEOS' first successful exploration well in the region.
The Nashville exploration well was drilled more than five miles beneath the seabed and confirmed high-quality oil in one of the Gulf’s most promising deepwater formations. The discovery could be tied back to the nearby Appomattox production platform, which is operated by Shell and jointly owned with INEOS.
David Bucknall, CEO of INEOS Energy, said: "This is a good result for INEOS Energy and an important step in building our presence in the US Gulf where world-class resources are to be found and developed responsibly. We believe Nashville will help strengthen energy security and provide reliable supplies for many years to come."
The company said the discovery was drilled using the Deepwater Proteus, one of the world’s most advanced offshore rigs. Further technical work is now under way to determine the size of the find.
Heather Osecki, CEO of INEOS Energy’s US Gulf business, said: "The drilling results at Nashville are very encouraging and fully in line with what we hoped to find. This discovery is an important first step in our plans to grow our existing assets while we look to further strengthen our position in the Gulf. We look forward to continuing our work to bring further value to the Appomattox host platform."
INEOS holds a 21% working interest with Shell, the operator, holding the remaining 79%.
ENDS
Press contacts.
INEOS PR +44 207 193 9030 ineos@firstlightgroup.io
Peter Hindsberger INEOS Energy + 45 30186697 peter.hindberger@ineos.com
Richard Longden INEOS Group +41 799 626 123 richard.longden@ineos.com