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

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...

DeepStar study assesses cost-effective dry tree solutions

Dec 12, 2014 DeepStar evaluated a large number of novel concepts for a common design basis, focusing on identification and characterization of key technical performance parameters, constructability, and economi...

Trending News

SPS Overlay provides side impact protection on three FPSOs

Dec 17, 2014

SPS Overlay has provided side impact protection for three FPSOs. The work was carried out at Enseada do Paraguaçu SA Shipyards (EEP) in Brazil and at the COSCO (Dalian) Shipyard in China.

FMC Technologies awarded subsea systems contract offshore Nigeria

Dec 17, 2014

FMC Technologies Inc. has received an order from Star Deep Water Petroleum Ltd. (a Chevron company), operator of the Agbami field, to provide subsea equipment for operations in the Agbami field, offshore Nigeria.

EMGS enters into data licensing agreement

Dec 17, 2014

Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement worth $7.1 million with an unnamed oil company for the provision of 3D EM data from EMGS' multi-client data library in the Barents Sea.

2H Offshore to deliver lightweight conductor-supported platform

Dec 17, 2014

2H Offshore, an Acteon company, will deliver a lightweight conductor-supported platform for EQ Petroleum Developments Malaysia Sdn Bhd for installation in the Tanjong Baram field, offshore Malaysia.

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.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>