Our Blocks
Werrus AquaMarine maintains leased exploration and development rights in two blocks, Main Pass 295 and Main Pass 294, comprising 9,121 acres in the proven shallow waters of the Gulf of Mexico shelf. Our blocks are adjacent to mature fields that have produced 650 mm barrels of oil to date. Taking advantage of seismic data and 3-D technology, we have identified 8 total opportunities.
Two World Class Blocks in a Proven Super Basin
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MP 295, where Werrus AquaMarine plans to drill its first exploration/appraisal well, is approximately 4,560 acres in an area located in water depths of 160-200 feet. It lies on the eastern flank of the prolific oil-prone MP144 block, which contains a producing Upper Miocene oil field with Miocene and Cretaceous potential.
Werrus AquaMarine has identified four possible well locations in MP295 to target. Marlin-1 and Marlin-2 are planned appraisal/development wells, with additional exploration targets in Upper Miocene reservoirs. Swordfish-1 well is planned as an appraisal/development well, with an additional exploration target, in Middle Miocene reservoirs. Well Angler-1 is a planned exploration well to test Cretaceous reservoirs.
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Main Pass 294 is adjacent to and east of Main Pass 295. The main objective comprises two levels defined on 3D seismic downdip extensions of a proven productive play in the MP306 field. The unrisked IP BTE volume for both sands is 42 mm bbl + 42 BCF.
In addition, there is a small shallow gas discovery (6 BCF) in the north of the block, with some exploration potential.
