Shell E&P Offering Gulf of Mexico Farm-in Opportunities

Shell Exploration & Production Company is marketing working interest positions, associated with a suite of prospects, located across the Gulf of Mexico - one of the most prolific hydrocarbon basins in the world. Most are deep water prospects but there are several on the shelf. These farm-outs are now being made available as a result of portfolio rationalization. The successful farm-in companies will take over operatorship and all responsibilities for the leases, from the effective date of farm-out until lease expiration.

A total of twenty-seven mostly Plio-Pleistocene to Miocene prospects are being offered as farm-in opportunities. The prospects range from shallow amplitude supported to deep non amplitude supported structures. The prospects are considered to have a high probability of success with individual reserve potential ranging from 20-30 MMBOE to 100 MMBOE. All but one prospect are supported by high quality 3D seismic and surrounding well data. All prospects are located close to existing infrastructure. Fifty-three OCS lease blocks are covered. Some of the blocks being offered will expire in mid to late 2006 - providing near term production potential, with adequate time for proper analysis and drilling operations. Offers can be made on any combination of prospects. These farm-in opportunities offer a sizable position for portfolio enhancement and growth in one of the most attractive, highest margin, hydrocarbon provinces in the world.

Transaction Details:

  • 21 prospects on 53 OCS blocks available for farm-in
  • Prospect information sheets and technical presentations (CA req'd) available on IndigoPool through March 15th
  • Physical data rooms available at Shell's offices in Houston
  • Data rooms will be open until mid March 2006
  • A Confidentiality Agreement (CA), incl. verification of appropriate seismic licenses, needs to be signed before entering the data rooms
  • Full farm-out of Shell equity, terms subject to negotiation
  • Bids requested to be submitted by March 15th, 2006


Sonny Lawson
Senior Contracts Representative, GoM Exploration
Shell Exploration & Production Company
200 N. Dairy Ashford, Houston, TX 77079
United States of America
Office Phone: +1-281-544 2118