Marvin E Odum News

Shell Exploration & Production announced today an agreement for a like kind exchange with Total E&P USA. Under this agreement, Shell will exchange its 17 percent non-operated interest in the deepwater Gulf of Mexico Tahiti field for Total's interests in natural gas assets in South Texas. The Tahiti field is operated by Chevron and located in Green Canyon blocks 596, 597, 640 and 641 in 4,100 feet of water, approximately 190 miles southwest of New Orleans. In exchange for its interest in Tahiti, Shell will acquire Total's operated interests in three natural gas fields and additional interests in a fourth field, now operated by Shell.