You are here

Venari takes new Gulf of Mexico assets in lease sale

20th March 2015

Venari Resources has announced it was the high bidder on 12 deepwater blocks in the Central Gulf of Mexico offshore lease sale held yesterday by the Bureau of Ocean Energy Management (BOEM) in New Orleans

Venari Resources has announced it was the high bidder on 12 deepwater blocks in the Central Gulf of Mexico offshore lease sale held yesterday by the Bureau of Ocean Energy Management (BOEM) in New Orleans
This includes high bids on nine blocks in Green Canyon in close proximity of its Anchor discvery announced in January 2015.

The company was successful on 12 of 13 total bids, bidding with subsidiaries of Chevron Corporation and separately with subsidiaries of Anadarko Petroleum Corporation.

“We are excited about winning these blocks and expanding our lease position near our recent Anchor discovery and our Shenandoah discovery,” said Brian Reinsborough, president and chief executive officer of Venari. “The lease sale results continue to build on Venari’s deep and robust portfolio and further align Venari’s relationships with the top operators in the Gulf of Mexico.”

This includes high bids on nine blocks in Green Canyon in close proximity of its Anchor discovery announced in January 2015.

Venari will have a 25 per cent working interest in the Green Canyon blocks with Chevron (operator) having a 75 per cent working interest.

Venari also was the high bidder on Walker Ridge blocks 98, 99 and 143 that contain the Coronado discovery previously announced in March 2013.

Venari’s working interest in Coronado will be 40 per cent. Anadarko will continue to be the operator with a 60 per cent working interest.

 

 

Got a news tip? Email news@oilandgastechnology.net