Here is why this discovery of huge oil deposit by Shell may not be a good news for Nigeria Shell Offshore Inc, a subsidiary of Royal Dutch Shell, announced a “significant” discovery at the Leopard prospect in the deepwater U.S. Gulf of Mexico. The Leopard well encountered more than 600 feet of net oil pay at multiple levels, according to Shell, which said evaluation was ongoing to further define development options. An oil discovery in the U.S. takes the major oil consuming nation far away from crude exporters…
Read MoreConcerns for Nigeria as Shell Makes Significant Deepwater Oil Discovery
