Key highlights
- INEOS holds a 21% working interest in the Nashville well, with Shell holding 79%.
- The Nashville well was drilled over five miles beneath the seabed.
- The discovery could connect to the Appomattox platform, operated by Shell and INEOS.
- Further technical work is underway to determine the discovery's size.
Discovery Details
INEOS Energy, with a 21% working interest, announced a new oil discovery in the Gulf of America. The Nashville well, operated by Shell with a 79% interest, marks INEOS' first successful exploration in the region.
Technical Aspects
The Nashville exploration well was drilled over five miles beneath the seabed, confirming high-quality oil in a promising deepwater formation. The discovery could potentially be linked to the nearby Appomattox production platform, jointly owned by Shell and INEOS.
Next Steps
The discovery was drilled using the Deepwater Proteus, an advanced offshore rig. Further technical work is underway to determine the size of the find, which could enhance energy security and supply in the region.
