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Shell discovers Rydberg (MC 525) in deepwater GoM Norphlet

Shell discovers Rydberg (MC 525) in deepwater GoM Norphlet

Report summary

On 15 July 2014, Shell announced a discovery at its Rydberg field in the deepwater Gulf of Mexico, encountering pay in Norphlet Jurassic sands.  We estimate reserves at Rydberg to be 100 mmboe, with a valuation of US$782 million, and first oil in 2022. Shell continues its success as a leading explorer in GoM, further de-risking the Norphlet Play with an incremental subsea tie-back opportunity to its Appomattox facility.

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