OUR STORY
Werrus Energy won exploration and development rights for four blocks, ST267, MP74,
MP294 and MP295, located on the Gulf of Mexico shelf. The blocks are operated by
Werrus AquaMarine (a wholly owned subsidiary of Werrus Energy).
Werrus AquaMarine acquired recently reprocessed seismic surveys over each block,
and has now completed detailed G&G evaluation of MP294, MP295 and ST267 blocks.
Werrus AquaMarine expects to spud the first well in 2021.
OUR BLOCKS
Main Pass 295
Werrus AquaMarine is planning to drill its first exploration/appraisal well in MP 295. The well is anticipated to be normally pressured. Water depth is 250 ft. Production will be transported to a platform in an adjacent block for processing.
The main appraisal target in the well is the “N1” sand, proven hydrocarbon bearing but undeveloped, in a fault-bound pinchout trap. It is the main producing level in the adjacent MP144 field. Cumulative production of the MP144 field has reached 150 MM bbl of oil: the field is still in production. Cumulative production in the MP144 wells located in the similar geological setting to our targets varies between 777 and 1,940 Mbbl of oil per well.
The main exploration target, the “R” sand, had oil shows and a possible oil-water contact in a downdip historical exploration well. The “R” sand is the second most important producing levels in the offsetting MP 144 field. A strong anomaly updip suggests good sand development, and possibly hydrocarbons.
Additionally, the relatively shallow “E”, “F” and “H’ sands are proven oil bearing but undeveloped. The “E” sand has a well-defined oil-water contact, and the underlying “F” and “H” sands both have oil-down-to levels.
The block has considerable additional potential, notably Apache's recent sub-salt discovery (Heron well), with up to 361 ft of net pay. Further, multiple amplitude anomalies in the east of the block remain untested.
South Timbalier 267
Werrus Aquamarine is planning to drill an ST 267 appraisal well targeting two main sand intervals with proven oil (”2,100” and “4,400”), with an additional exploration target in the “3800” sand. Water depth is 250 ft. Production will be transported to a platform in an adjacent block for processing.
The “2,100”sand is in a fault-dip closure with a proven pinch out to the north: it has 75 ft net oil pay in the discovery well. It has strong amplitude support, good Type 3 AvO, and with a clear amplitude fit to a proven oil-water contact
The “4,400” sand is in a stratigraphic trap that is associated with a crevasse splay. It has at least 35 ft net oil pay in the discovery well, with an oil-down-to level and considerable upside supported by down-dip amplitudes.
The ”3,800” sand is an exploration target supported by a seismic anomaly and oil shows updip.
A deviated well will penetrate the shallow “2,100” pay updip of the discovery well, intersecting about 500 ft of gross pay, as well as an additional 100 ft in the lower sands.
Management
Sergei Pokrovsky
CEO
Enterprising investor with experience managing exploration and production portfolios in unconventional plays, such as the Marcellus and Montney shale regions, as well as hand-on directional drilling expertise over the course of his career, which included leadership roles at Lukoil in North America and Kimmeridge Energy, a private equity portfolio in Houston focused on oil and gas. Sergei thoughtfully spearheads teams into market opportunities, managing across disciplines and aligning investors and executives to achieve profitable results.
H. Daniel Hogan
President and COO
Comprehensive operational acumen in upstream oil and gas, driving success in challenging energy environments and cycles, with wideranging experience in corporate planning and execution, well design, engineering, and oil field discovery and development, including deepwater, having run teams in the Black Sea, Brazil, Gulf of Mexico, Middle East, and West Africa. Danny honed his strategic and disciplined operational style in senior executive roles at Lukoil, PanAmerican Exploration, Eni, Devon Energy, Pennzoil and Exxon.
Peter Mullin
Vice President of Exploration and Business Development
Inveterate global explorer with deep geosciences prowess and vast experience in developing and maintaining portfolio assets for major oil companies, including Shell and Hess, in Angola, Brazil, Gulf of Mexico, the North Sea and Trinidad and Tobago, and technical evaluations in other areas, including Equatorial Guinea, Colombia, Cote d’Ivoire and unconventional plays onshore U.S. Peter’s keen eye is riveted on select areas of the Gulf of Mexico that can be scaled up for reliable oil production.
Management
Sergei Pokrovsky
CEO
Enterprising investor with experience managing exploration and production portfolios in unconventional plays, such as the Marcellus and Montney shale regions, as well as hand-on directional drilling expertise over the course of his career, which included leadership roles at Lukoil in North America and Kimmeridge Energy, a private equity portfolio in Houston focused on oil and gas. Sergei thoughtfully spearheads teams into market opportunities, managing across disciplines and aligning investors and executives to achieve profitable results.
H. Daniel Hogan
President & COO
Comprehensive operational acumen in upstream oil and gas, driving success in challenging energy environments and cycles, with wideranging experience in corporate planning and execution, well design, engineering, and oil field discovery and development, including deepwater, having run teams in the Black Sea, Brazil, Gulf of Mexico, Middle East, and West Africa. Danny honed his strategic and disciplined operational style in senior executive roles at Lukoil, PanAmerican Exploration, Eni, Devon Energy, Pennzoil and Exxon.