Stay Connected

Energy XXI, Apache venture to explore GoM shelf

Offshore staff

HOUSTON – Energy XXI has entered into an agreement with Apache Corp. to explore for oil and gas pay sands associated with salt dome structures on the central GoM shelf. The area of mutual interest includes several salt domes within a 135-block area.

In addition, Energy XXI has acquired a 25% working interest in 21 non-producing primary-term leases with Apache. A new wide-azimuth seismic program is under way to define the potential of the AMI, covering approximately 633,000 acres.

John Schiller, Energy XXI chairman and CEO, said: “This joint venture exemplifies our interest in exploring salt structures where new seismic data, remapping, and remodeling could uncover significant hidden hydrocarbons.

“Our Pendragon exploration well, being drilled in the Vermilion area, is a similar analog. We are very excited about the potential of this new joint venture with Apache, a world-class operator with extensive expertise in the Gulf of Mexico.”

3/26/2013

Related Articles

New Ulstein SX165 construction vessels on order

Nov 27, 2013

Ulstein Verft has won two orders for new SX165 offshore construction vessels from Island Ventures LLC.

Topsides, Platforms and Hulls conference returns to Galveston

Nov 26, 2013 The flurry of new and upcoming projects will rank high on the agenda at this year’s Topsides, Platforms and Hulls Conference & Exhibition, to be held February 4-6, 2014, at Moody Gardens Hotel ...

Trending News

Nido to spud Gobi-1 well offshore Indonesia

Sep 23, 2014

Nido Petroleum Ltd. advises that Lundin Gurita BV, operator of the Gurita PSC offshore Indonesia, has informed the joint venture that the rig for the Gobi-1 well will be available to the JV in early October.

 

HARC launches Virtual Hydraulic Fracturing website

Sep 23, 2014

The Environmentally Friendly Drilling Systems Program, managed by the Houston Advanced Research Center (HARC), has launched its Virtual Hydraulic Fracturing website, which provides a virtual tour of the safest and best practices available for hydraulic fracturing.

Natixis funds two offshore floating production facilities

Sep 23, 2014

Natixis has closed an underwriting mandate for a $225-million six-year facility to finance two floating production facilities for PetroFirst Infrastructure Ltd., a joint venture between First Reserve (80%) and Petrofac Ltd. (20%). 

 

Cosco secures offshore and shipbuilding contracts

Sep 23, 2014

Two COSCO Shipyard Group Co. Ltd. shipyards have secured contracts valued collectively at $230 million to build one floating accommodation unit and one module carrier.

OSIsoft renews enterprise agreement with Shell

Sep 23, 2014

OSIsoft LLC, which provides the PI System and real-time data and events infrastructure solutions, has continued its enterprise agreement with Shell.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>