Venari ups Shenandoah field interest

Venari Resources, a deepwater oil exploration and production company, has acquired an additional seven percent working interest in the Shenandoah field on Walker Ridge Blocks 51, 52 and 53, in the U.S. Gulf of Mexico. 

The company also reported successful results from the Shenandoah #5 appraisal well.

The Shenandoah #5 well was drilled on Walker Ridge Block 51 in approximately 5,900 feet of water to a total depth of 31,100 feet. The well was drilled up-dip of the Shenandoah #2 appraisal well and was designed to confirm and extend reservoir boundaries.

The company said that the well encountered over 1,000 net feet of high-quality oil pay in the Lower Tertiary Wilcox sands and extended the field further east. The next appraisal well, Shenandoah #6, is expected to spud later this year to further quantify the full resource potential of the field.

Earlier this year, Venari increased its working interest in the Shenandoah Unit to 17% from 10%.

“With a high-quality reservoir and substantial net oil pay, the well results confirm Shenandoah to be a significant oil accumulation,” said Brian Reinsborough, President and Chief Executive Officer of Venari. “We are excited that we were able to increase our ownership in the field and continue building our relationship with Anadarko across this strategically important region.”

In partnership with Anadarko Petroleum Corporation, the operator of Shenandoah, Venari owns working interests in several exploration prospects proximate to the Shenandoah discovery.

Share this article

Follow Offshore Energy Today

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply