SHELL, BP DRILL MAJOR GULF OF MEXICO OIL STRIKE

Shell Oil Co. has drilled what may be a major oil discovery in the ultradeepwater Gulf of Mexico frontier. Shell and partner BP Exploration cut a net 440 ft of pay in an undisclosed number of oil bearing sands at 14,500-18,100 ft on Mississippi Canyon Block 763. The discovery well is in 3,100 ft of water on Shell's Mars prospect about 130 miles southeast of New Orleans. BP Chairman Robert Horton said the Mars prospect is potentially the largest in which the company has participated since

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