Stay Connected

Energy XXI, Exxon Mobil form joint venture to explore in shallow water GoM

Offshore staff

HOUSTON – Energy XXI (Nasdaq:EXXI; LSE:EXXI) has agreed to acquire some of Exxon Mobil Corp.’s shallow water Gulf of Mexico interests. The agreement covers 5,000 gross acres (20 sq km) on Vermillion block 164.

Further, Energy XXI and ExxonMobil have agreed to jointly explore nine contiguous blocks adjacent to Vermillion 164. The joint venture is named Pendragon and is expected to be active by year’s end.

Energy XXI also says its Big Sky 2 horizontal well at West Delta 73 reached 8,000 ft TVD/10,765 ft MD (2,438 m/3,281 m, respectively) and went onto production at 3,000 b/d of oil.

The company is now drilling a second horizontal well on West Delta.

10/02/2012

Related Articles

Cal Dive sells GoM surface diving fleet

Jun 4, 2014 Cal Dive International Inc. has sold its US Gulf of Mexico shallow-water surface diving fleet to a privately held company for $18.5 million and a 19.9% minority interest in the entity acquiring the...

ASV C-Worker 6 vessel carries out GoM subsea operation

Jun 4, 2014 ASV Ltd.’s C-Worker 6 has carried out a seabed transponder calibration in 1,300-m (4,265-ft) waters. The trials, in the Gulf of Mexico, were conducted in rough conditions with 2.5-m (8-ft) waves.

Expro deploys new-generation well test string in GoM

Jun 4, 2014

Expro has deployed its new design ExACT tool (Expro Annulus-Operated Circulating and Test Tool) in its first live offshore well.

BOEM awards first Gulf of Mexico oil and gas leases (subject to US–Mexico Transboundary Hydrocarbons Agreement)

Jun 2, 2014 Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank have announced the award of the first three oil and gas leases in the Gulf of ...

US Deputy Secretary Connor visits Gulf Coast to discuss offshore production, Gulf restoration

May 29, 2014 As part of the Obama Administration’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Deputy Secretary of the Interior Mike Connor visited Ne...

Trending News

Offshore Photo of the Day

Total names de Margerie’s successors

Oct 22, 2014

Total has appointed Thierry Desmarest as chairman of the board of directors and Patrick Pouyanné as CEO and president of the Executive Committee.

Noble Energy elects president and CEO

Oct 22, 2014

Noble Energy Inc.'s board of directors has elected David L. Stover as president and CEO. 

Willbros Group elects CEO

Oct 22, 2014

Robert R. Harl has relinquished his CEO and director positions at Willbros ahead of his planned retirement on Jan. 2, 2015.

Shell announces deepwater gas discovery offshore Gabon

Oct 22, 2014

Shell has announced a frontier exploration discovery offshore Gabon, West Africa. The Leopard-1 well encountered a gas column with approximately 200 m (656 ft) net gas pay in a presalt reservoir.


  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>