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

Subsea 7 wins installation contract in US GoM

Dec 17, 2014

Subsea 7 SA has won a contract from Hess Corp. for installation work in support of the Stampede Project in deepwater US Gulf of Mexico.

Aqualis Offshore signs MSA with Atwood Oceanics

Dec 16, 2014

Aqualis Offshore has signed a master service agreement with offshore driller Atwood Oceanics.

SKF and Vantage combine to improve drillship fleet

Dec 16, 2014

SKF USA Inc. and Vantage Drilling Inc. have combined resources to improve the reliability of the Vantage Titanium Explorer and Platinum Explorer drillships.

Technip closes sale of diving assets in Gulf of Mexico

Dec 16, 2014

Technip has completed the sale of its diving assets in the US Gulf of Mexico to Ranger Offshore Inc.

Blue Ocean sets deepwater subsea intervention record

Dec 15, 2014 Blue Ocean Technologies has set another record for deepwater subsea interventions. Blue Ocean’s Interchangeable riserless intervention system (IRIS) recently intervened on a deepwater production we...

Trending News

CERAWeek 2015: Analyst discusses state of the oil and gas market, economy

Apr 20, 2015

With oil prices still low, and many oil and gas companies laying off thousands, the oil downturn is marking a significant turning point in the energy industry, a panelist discussed Monday at IHS Energy CERAWeek in Houston. 

Platform maintenance spending set to increase, report claims

Apr 20, 2015

Demand for offshore modifications, maintenance, and operations (MMO) services totaled $95 billion last year for the world’s 8,061 offshore platforms, according to analyst Douglas-Westwood.

DEA delegates offshore Norway well planning to AGR

Apr 20, 2015

DEA Norge has contracted AGR for well engineering and operational support for the operator’s drilling programs offshore Norway.

Kongsberg adds new functions to LedaFlow multi-phase flow tool

Apr 20, 2015

Kongsberg Oil & Gas Technologies has released version 1.7 of the LedaFlow transient multi-phase flow simulator.

Proserv, JCE team up in MENA region

Apr 20, 2015

Topsides/subsea engineering group Proserv is to collaborate with hazardous environment specialist JCE Group (UK) in the Middle East and North Africa (MENA) region.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>