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SHELL CANADA LIMITED ACQUIRE EXPLORATION RIGHTS FOR THREE PARCELS OF CROWN LAND

 SHELL CANADA LIMITED ACQUIRE EXPLORATION
 RIGHTS FOR THREE PARCELS OF CROWN LAND
 CALGARY, Alberta, Dec. 9 /PRNewswire/ -- Shell Canada Limited (Toronto, Montreal, Vancouver, Calgary: SHC) announced today it has been successful in acquiring the exploration rights for three parcels of Crown land located in the Inuvialuit settlement area of the Mackenzie Delta. Most of this land, totalling approximately 111,000 hectares, is located near and around the 1990 Shell Unipkat N-12 oil and gas discovery, some 115 km. northwest of Inuvik, N.W.T.
 The total bid of $53.3 million represents the value of potential exploration work on these lands over the initial four-year term. This winter Shell's planned Delta activities include drilling an outstep well on the Unipkat Significant Discovery Lease, as well as exploratory seismic work, including a 3D survey on the new acreage. As in the past, Shell will continue to employ local people and businesses both on the drilling and seismic operations.
 "Although Shell has been an active explorer in the Delta for over 25 years, it is the Unipkat well results that caused Shell to re-evaluate the potential oil opportunity in the Delta," according to Manager of Frontier Exploration, Mary Given.
 Given added that while Shell is excited about the results of the Unipkat well and the possibility of an oil play in the Mackenzie Delta, it is expected to take up to four years of exploration work to determine if development is warranted.
 Shell would like to acqknowledge the work and co-operation of the Federal Northwest Territories and Yukon governments, the Inuvialuit Game Council, the hunters and trappers committees of Aklavik, Inuvik and Tuktoyaktuk, as well as a number of federal and territorial agencies for their participation in making this land sale possible.
 -0- 12/9/91
 /CONTACT: Mary Given, manager, Frontier Exploration, 403-691-3736; or Roger Brundrit, vice president, exploration, 403-691-3755, Shell Canada Limited/
 (SHC.)


CO: Shell Canada Limited ST: Alberta IN: OIL SU:

SE -- LA024 -- 0707 12/09/91 16:41 EST
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Publication:PR Newswire
Date:Dec 9, 1991
Words:330
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