Venari Resources LLC, a deepwater oil exploration and production company in the Gulf of Mexico, announced a major oil discovery at its Shenandoah prospect in Walker Ridge Block 51 and provided an update on its Coronado prospect in Walker Ridge Block 98.
The Shenandoah-2 well encountered net oil pay in excess of 1,000 feet. The well is approximately 1,700 feet structurally down-dip from the Shenandoah-1 discovery, which was drilled in Walker Ridge Block 52 in 2009 and encountered net pay approaching 300 feet. Venari holds a 10 percent working interest in Shenandoah. Venari and its co-owners Anadarko Petroleum Corporation, as operator (30 percent), ConocoPhillips (30 percent), Cobalt International Energy (20 percent) and Marathon Oil Corporation (10 percent) are evaluating the Shenandoah well results and assessing the next steps toward future appraisal activity.
