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

V.Group acquires prominent Offshore IRM services provider Core-IRM

Sep 2, 2014

V.Group has concluded the acquisition of Core-IRM, an inspection, repairs and maintenance (IRM) services provider with a track record in offshore oil and gas markets in Southeast Asia. 

Blueback Reservoir releases Blueback Toolbox v15

Sep 2, 2014

Blueback Reservoir, a technology company specializing in providing Ocean plug-ins and 3D geomodeling services for the global oil and gas exploration and production industry, has released the Blueback Toolbox plug-in for Petrel v15.

Amarcon and Observator Instruments to develop helideck monitoring and forecasting system

Sep 2, 2014

Amarcon, a part of the ABB group, and Observator Instruments, a developer of sensors and services for meteorological and hydrological monitoring, will jointly develop a helideck monitoring and forecasting system to improve the flight and passenger safety during helicopter landings and takeoffs.

African Petroleum provides operational update

Sep 2, 2014

African Petroleum Corp. has provided an operational update on its West African exploration portfolio.

Ulstein Group introduces X-STERN vessel design for harsh conditions

Sep 2, 2014

Ulstein Group has introduced the X-STERN, a vessel design feature that increases operability through positive effects on station keeping, wave response, comfort, and safety in harsh conditions.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>