Evidence of some termogenic charge - associated with mature source rock - at its Pepper Sauce well had given rise to expectations at Shell that the deepwater well had made a promising find. However, Pepper Sauce proved to be non-commercial, and Shell relinquished the block on March 20, Trumpy said. Block 25(a) is 80km east of Trinidad in up to 1,300m of water.
Although Shell is closing its E&P office, it is not exiting the country, Trumpy said. Shell is one of 12 companies that holds rights to seismic studies in an area to the east of the currently-leased blocks, and Trinidad Shell E&P will stay put until results, scheduled to be available towards the end of this month, have been analyzed.
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