Shell & PXP Make Oil Discovery at Friesian Prospect

Plains Exploration & Production and Shell have made a new oil discovery at the Friesian Prospect in Green Canyon Block 599. The block is approximately 200 miles south of New Orleans, Louisiana, and is located in approximately 3,800 feet of water.

Operated by Shell Offshore Inc., the Friesian discovery was drilled to a total depth of 29,414 feet and encountered more than 120 feet of net oil pay. The discovery well is prepared for completion and temporarily abandoned.

Shell owns a 50 percent working interest and PXP owns the remaining 50 percent in this discovery.

PXP is an independent oil and gas company primarily engaged in the upstream activities of acquiring, developing, exploiting, exploring and producing oil and gas in its core areas of operation: onshore and offshore California, and the Gulf Coast region of the United States. PXP is headquartered in Houston, Texas.

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