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 ft (1,798 m) of water to a total depth of 31,100 ft (9,479 m). The well was drilled up-dip of the Shenandoah #2 appraisal well and was designed to confirm and extend reservoir boundaries.
The well encountered more than 1,000 ft (304 m) net of high-quality oil pay in the Lower Tertiary Wilcox sands and extended the field farther east. The next appraisal well, Shenandoah #6, is expected to spud later this year to further quantify the full resource potential of the field.
Brian Reinsborough, president and CEO of Venari, said: “With a high-quality reservoir and substantial net oil pay, the well results confirm Shenandoah to be a significant oil accumulation. 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.”
Venari holds a 17% working interest in Shenandoah. Co-owners are Anadarko Petroleum Corp., as operator (33%), ConocoPhillips Co. (30%), and Cobalt International Energy, LP (20%).
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