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 year offers opportunity for political leadership on energy

Jan 15, 2015

After a year of seemingly endless political gridlock on the energy front, we at the National Ocean Industries Association are hopeful that 2015 will bring actual results, not just rhetoric.

Using CO2 extends range of EOR applications for GoM operators

Jan 15, 2015 The National Energy Technology Laboratory (NETL), a division of the US Department of Energy, has released "CO2-EOR Offshore Resource Assessment." The report analyzes the economic and tech...

Shell charters Ocean Alliance for GoM IRM, subsea work

Jan 15, 2015

Shell Offshore Inc. has signed a multi-service vessel charter with Oceaneering International Inc. to use the Ocean Alliance in the US Gulf of Mexico (GoM).

Caution, capital realities to drive deepwater GoM operations

Jan 15, 2015 Significantly reduced cash flow for companies in 2015 means reprioritized spending is inevitable. In the short term, there is not always the flexibility to make decisions based solely on fundamenta...

Status of US Gulf of Mexico deepwater discoveries

Jan 15, 2015

Get the latest updates of US Gulf of Mexico deepwater discoveries sorted by field name, year of discovery, water depth, operator, onstream status, and production facility type.

Trending News

Airbus Helicopters performs demonstration for oil and gas industry

Mar 27, 2015

Airbus Helicopters performed a demonstration of its Airbus H175 helicopter, designed for offshore transportation, to the oil and gas community in Houston March 25, 2015. 

Solitaire starts work on Polarled pipelay in Norwegian Sea

Mar 27, 2015

Allseas’ Solitaire has started laying Polarled, the first pipeline to extend Norway’s gas infrastructure into the Arctic Circle.

BOEM to hold public meetings on Atlantic Coast exploration permitting

Mar 27, 2015

The US Bureau of Ocean Energy Management (BOEM) has scheduled a series of open houses to share information on the geological and geophysical permitting process on the Atlantic Coast. 

Lloyd’s Register Energy expands in Trinidad and Tobago

Mar 27, 2015

Lloyd’s Register Energy is increasing its structural engineering capabilities to support exploration in Trinidad and Tobago.

Statoil gets go-ahead for Gina Krog area well

Mar 27, 2015

The Norwegian Petroleum Directorate has authorized Statoil to drill an exploratory well close to the Gina Krog field in the central Norwegian North Sea.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>