Focus Areas

Oil Exploration

Venari is focused on three exploration plays in the deepwater (1,000+ feet) Gulf of Mexico (GOM):

  • Inboard Wilcox play – focused on prospects with large size and subsalt objectives
  • Jurassic Norphlet play – focused on aeolian objectives, located in the eastern GOM
  • Miocene play – focused on subsalt and salt flank prospects in two sub-play focus areas: Mississippi Canyon (eastern GOM) and Green Canyon (central GOM)

VEN Exploration Play Focus Areas Map

Click map to enlarge.

Source: U.S. Geological Survey (USGS)

Inboard Wilcox Play

The emerging Inboard Wilcox play is located landward of the established Outboard Wilcox play, which contains a number of large discoveries that are currently under development. Prospects in the Inboard Wilcox have large subsalt traps with potential for excellent reservoir and oil quality. Recent Inboard discoveries at Shenandoah, Coronado, North Platte and North Yucatan join earlier discoveries at Tiber, Gila and Kaskida. Emerging infrastructure will be established by planned activity in the years ahead. The Wilcox play (Inboard and Outboard combined) has a large yet-to-find potential of 5,500 MMBoe. (Source: Wood Mackenzie)

  • Water depth: 1,000-10,000+ feet
  • Historical Inboard success rate: >40%
  • Typical discovery size: 200-400 MMBoe
  • Average estimated ultimate recovery/well: 10-20 MMBoe
  • Currently limited host options, improving options with expected success
  • Small discoveries viable if near planned host
  • Completion and facility technology development required
  • Cycle time: up to 10+ years depending on location

Norphlet Play

The extension of the Jurassic age Aeolian Norphlet play from Mobil Bay into the deep water of the Eastern Gulf of Mexico occurred in 2003 with the discovery of the Shiloh well. This emerging play is in its infancy with only 11 wells drilled as of January 2014. Considered a very attractive play with high net/gross reservoirs and excellent oil quality, the Norphlet has a large yet-to-find potential of over 3,200 MMBoe. (Source: Wood Mackenzie)

  • Water depth: 5,000-10,000 feet
  • Play Type: Aeolian Dune Sand System
  • Historic Success: 45% (5 discoveries from 11 wells)
  • Discovered volumes: 750 MMBoe
  • Typical discovery size: 150 MMBoe
  • Average estimated ultimate recovery/well: 25-30 MMBoe
  • Average estimated daily production/well: 30,000-40,000 Bbls/day
  • One commercial discovery to date: Appomattox/Vicksburg
  • Limited host options
  • Cycle time: 5-10 years depending on location
  • Very immature exploration history

Central and Eastern GOM Miocene Play (Lower Miocene and Mid-Miocene)

The Miocene is an established play (both supra and subsalt) with a proven track record of economic success and a large yet-to-find potential of 4,700 MMBoe. (Source: Wood Mackenzie)

  • Water depth: 600-9,000 feet
  • Historical success rate: 40%
  • Discovered volumes: 6,500 MMBoe
  • Typical discovery size: 100-300 MMBoe
  • Average estimated ultimate recovery/well: 15-20 MMBoe
  • Strong infrastructure access
  • Multiple host options
  • Small discoveries viable with tie-backs
  • Available completion and facility technologies
  • Cycle time: 4-7 years

Ready to drill deeper? Contact Venari.