Shell Plans Major Drilling in Mexico, But Oil May Take a Decade
- Company expects to drill four deep-water wells in 2020
- Shell’s Alberto de la Fuente speaks in Bloomberg interview
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Royal Dutch Shell Plc is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government.
The global oil major plans to drill four wells this year, and a similar amount next year, said Alberto de La Fuente, Shell’s Mexico country chief. It’s part of a drilling campaign that will include 10 to 13 wells and cost from $800 million to $2.4 billion.