Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announced a material discovery at the Blacktip North prospect in the U.S. Gulf of Mexico. The Blacktip North well encountered approximately 300 feet net oil pay at multiple levels. Evaluation is ongoing to further define development options.

“The Blacktip North prospect is the latest example of discovering new resources in our advantaged corridors,” said Paul Goodfellow, Executive Vice President of Deep Water. “Our strategic positions, like the Perdido Corridor, are at the heart of value creation in the Gulf of Mexico, and they represent an opportunity to use our existing infrastructure to unlock the full-value potential of our discoveries.”

Blacktip, Blacktip North, and our Leopard discoveries are all opportunities to increase production in the Perdido Corridor, where Shell’s Great White, Silvertip and Tobago fields are already producing. Earlier this year, Shell announced a final investment decision for the Whale deep-water development, also located in the Perdido Corridor. Whale is part of our Gulf of Mexico portfolio, where our production is among the lowest greenhouse gas (GHG) intensity in the world for producing oil.

Blacktip North is located in OCS block Alaminos Canyon (AC) 336, approximately 4.5 miles northeast of the recently appraised Blacktip discovery, 25 miles northeast of the recently announced Leopard discovery, 30 miles northeast of the planned Whale host, and 42 miles from the Perdido host.

Shell’s Powering Progress strategy to thrive through the energy transition includes increasing investment in lower-carbon energy solutions, while continuing to pursue the most energy-efficient and highest-return Upstream investments. We will support this strategy through Exploration by sustaining a strong pipeline of high-value, nearfield and core discoveries, complemented by highly selective frontier plays.

Notes:

   - The Blacktip North Discovery is ~220 miles SSE of Houston.
   - The Blacktip North well was drilled to a total measured depth of 27,770 feet.
   - Blacktip North is operated by Shell Offshore Inc (89.49%) and co-owned by Repsol E&P USA LLC (10.51%).
   - Shell began production in the Perdido Corridor at the Perdido Spar in 2010.
   - Shell is a leading operator in US Gulf of Mexico, with eight DW production hubs and a network of subsea infrastructure.
   - Shell is the largest deep-water lease holder in the US Gulf of Mexico with access to some of the most prolific acreage in the basin.
   - The reference to our U.S. Gulf of Mexico production being among the lowest GHG intensity in the world is a comparison among other IOGP oil and gas producing members.

About Royal Dutch Shell plc

Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.