We are a highly focused oil exploration company with deep expertise. With a clear vision that saw the opportunity, we were one of the first to enter the deepwater Gulf of Mexico after the two-year moratorium in the wake of the Macondo incident. And, as a non-operating oil and gas investing company, we see the industry’s portfolio as our portfolio, and we have the luxury of being selective.
A NIMBLE NON-OPERATING PARTNER
Focused on the prolific deepwater subsalt play in the Gulf of Mexico, we choose projects that require miles of drilling, in search of billions of barrels, beneath layers of salt. At Venari, however, we have no layers of cumbersome bureaucracy. Working nimbly together, we make better, quicker decisions. So we make investment decisions in days, not months or years. When an opportunity arises, we are able to come to the table first, and we quickly become the non-operating partner of choice for drill-ready deepwater Gulf of Mexico exploration projects.
FOCUSED ON FINDING OIL IN THE GULF OF MEXICO
Venari’s exploration activities are focused exclusively on high potential oil-prone subsalt plays in the deepwater Gulf of Mexico. We bring deep commitment and technical expertise to pursuing our Gulf salt play exploration program.
TARGETING THE SUBSALT PLAY
Venari believes billions of barrels of resources are yet to be found in the Gulf of Mexico’s deepwater subsalt play. Prospects there were once difficult to determine using 3D seismic data, but advances in imaging technology and operators’ favorable drilling results have prompted a renewed, strong interest in the region.
Good corporate citizenship is one of the core values that governs our behavior and decision-making.
- We are committed to the well-being of our employees, contract workers and the communities we are involved with.
- We make safety a top priority in everything we do.
- We respect and protect the environment and natural resources in our areas of operation, making as little impact as possible on our surroundings.
- We only partner with companies who have a culture of safety, are honorable and whose corporate values align with ours.
Execution
- The foundation of Venari’s business plan is growth, and we have the right people and the right tools to execute our plan. Our solid industry alliances help us access deepwater joint oil ventures and do our job more effectively and efficiently. A streamlined, nimble decision maker, Venari moves quickly to realize value and is committed to making meaningful technical and financial contributions to every oil investing project. When an opportunity arises, we are able to come to the table first, and we quickly become the partner of choice for drill-ready Gulf of Mexico exploration projects.
- Currently, we partner with producers in the deepwater Gulf of Mexico by farming in to their projects as a non-operator with small working interests. When we explore for oil, we are less frontier oriented and more focused on selective, defined areas, so we can accelerate our drilling inventory, keep costs low and compress our projects’ cycle times. This allows us to minimize our operational risk while using our capital most economically. As our company develops, we will focus on organic growth, jointly participating in lease sales with established Gulf of Mexico players. As a result, we most likely will take larger working interests in these blocks but remain a non-operator.
- Our geologists and geophysicists are inventive and unconventional and relish stepping outside the box for one-of-a-kind ideas. Their complementary skillsets routinely result in drillbit success. We are creative and disciplined, opportunistic and intense, mitigating risk through exceptional expertise and execution. We’ve acquired proprietary state-of-the-art regional 3D seismic datasets over our focus areas. Our team expertly uses leading-edge seismic attribute and interpretation software to reprocess this data and then conducts size and risk analyses to complete prospect evaluations.
- Venari only commits to projects where the operating team makes safety, the environment and the well-being of all parties involved top priorities. We have access to all industry response systems, including Marine Well Containment Company and Helix Well Containment Group. And we carry more than $1 billion of insurance for each well in which we have a working interest.
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