Shell has announced a major new oil find in South East Asia offshore Brunei marking the deepest discovery in the country so far. Today Shell announced the Geronggong discovery 100 kilometres (62 miles) offshore in a water depth of 1,000 metres (3,300 ft) after drilling with the Noble Phoenix deepwater rig.
Few details of the discovery were made available by Shell and no-one at its media headquarters in The Hague was immediately available to discuss the discovery, but it is highly likely that the find could lead to a major development once further evaluation of the resource base is carried out.