Shell To Begin Developing PowerNap Prospect In Mississippi Canyon Block 943

Drilling Activity Details

Locations

United States

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Drilling Activity Summary

Description

Shell Oil Co. announced that it will begin developing its PowerNap deepwater project in the Mississippi Canyon 943. PowerNap is expected to start production in late 2021 with peak production rate is estimated as high as 3.5 Mbbl of oil equivalent per day. The recoverable resource is estimated at more than 85 MMboe. The PowerNap discovery, #1 OCS G34467 was announced in 2015. It hit hydrocarbons in multiple subsalt Miocene zones. Water depth is approximately 4,200 ft. The initial hole was drilled to 30,968 ft (30,360 ft true vertical) and was followed by two deeper sidetracks — 34,114 ft (32,787 ft true vertical) and 31,432 ft (31,118 ft true vertical) that were designed to delineate the discovery. Shell is based in Houston.