Shell announced on Wednesday it has found a potential 100m barrels of oil equivalent at its deepwater Kaikias field in the US Gulf of Mexico’s Mars-Ursa basin.
The Anglo-Dutch firm discovered the Kaikias field 60 miles off the Louisiana coast about a year ago and this 34,500 feet well is the longest Shell has ever drilled.
The Mars-Ursa basin is home to Shell’s Mars, Mars B and Ursa platforms, that together produce around 500,000 barrels of oil per day.
As the well is located in an area where Shell already has installed significant subsea and topside infrastructure there should be economies in terms of development costs.
