Shell and its partners have started drilling the second of four oil wells in the Guyane Maritime Permit in French Guiana.

Shell holds 45% in the Guyane Maritime offshore exploration licence along with Total (25%), Tullow Oil (27.5%), Northern Petroleum (1.25%) and Wessex Exploration (1.25%).

The GM-ES-3 well in the programme has been located to test the Priodontes Prospect and provide further geological data critical to gaining a better understanding of the potential of this area as a new offshore oil province.

The operation follows the exploration programme's GM-ES-1 well which encountered 72 metres of net oil pay in two turbidite sand systems.

The GM-ES-2 was the first exploration well in the programme but failed to encounter commercial hydrocarbons.

Derek Musgrove, Managing Director of Northern, said: "The joint venture with Shell, Total, Tullow and Wessex is continuing upon its vigorous follow up of the successful GM-ES-1 discovery in late 2011."

"This is the second well in the four well programme to assess the potential of the offshore of Guyane as a new oil province. I look forward to updating shareholders on progress in the coming months."

RD

Related share prices
Northern Petroleum (NOP) share price
Tullow Oil (TLW) share price
Royal Dutch Shell 'A' (RDSA) share price
Wessex Exploration (WSX) share price