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Saturday 26 May RNW - NEWS AND ANALYSIS FROM THE NETHERLANDS IN 10 LANGUAGES, WORLDWIDE 24/7 ON RADIO, TV AND ONLINE

Shell to invest billions in Gulf of Mexico

Published on 9 June 2011 - 10:03am
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Oil giant Shell has announced it will be investing billions of dollars in the development of the Cardamon oil field in the Gulf of Mexico. The Anglo-Dutch company did not specify exactly how many billions it is talking about.

The Cardamon field was discovered last year using new seismic technology. Shell had suspected the existence of a large oil deposit there since it began developing the neighbouring Auger oilfield in the early 1990s. At the time further seismic exploration was frustrated by a layer of salt.

The Cardamon field is the first project to be sanctioned by the US government since it lifted the ban on drilling in the Gulf of Mexico last year. Shell believes the field could hold more than 140 million barrels and expects a peak production of 50,000 barrels a day.

(imm)

© Radio Netherlands Worldwide

 

Discussion

pandora canada 1 July 2011 - 5:24am / canada
Colin Brace 9 June 2011 - 2:11pm / Netherlands

It would be interesting to know the depth of the ocean at the location of this field and what measures Shell will be taking to avoid a repeat of the recent BP disaster.

Anonymous 9 June 2011 - 11:36am / Cuba

Buenos dias a todos;

Les comunico a todos los comunistas en especial a los responsables de las negociaciones sobre perforaciones de petroleo en nuestras costas.
Esto solo servira para destruir nuestros recursos turisticos y alimentecios presentes y futuro.
Despues del primer accidente o derrame, nos encargaremos de fusilarlos a todos y los buscaremos en cualquier rincon del planeta.
PRC

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