Shell Makes Oil Discovery in East Niger Delta

Niger Delta, Nigeria
(Click to Enlarge)
LONDON, (Dow Jones Newswires), Jul 27, 2007 (Dow Jones Commodities News)

Royal Dutch Shell PLC's (RDSB.LN) Nigerian joint venture has made an oil discovery in the Eastern part of the Niger Delta, a company spokeswoman said Friday.

The Agatha onshore well "tested up to 5,000 barrels of oil a day," she said.

Shell Petroleum Development Company, in which Shell has 30%, owns the acreage.

The discovery has the potential to increase production in this mature exploration area, the spokeswoman added.

The development comes as Shell still has 195,000 barrels a day shut in, mostly in the West Delta, as result of unrest.

Copyright (c) 2007 Dow Jones & Company, Inc.


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