In late November 2017, Anadarko US Offshore and Venari Offshore acquired a total of 62.5% WI from Statoil Gulf of Mexico in Walker Ridge blocks WR 11 (G36079), WR 55 (G36080), WR 145 (G36082) and WR 189 (G36083), situated in the East Texas Coastal Basin. The transactions are effective as of 1 October 2017. The blocks lie close to the Andarko-owned Coronado oil discovery, located on WR 98, 2km south-west of WR 55. In late June 2017, Anadarko submitted an exploration programme to the BOEM, with ten proposed locations in water depths ranging from 1,809-2,005m, situated 5km south-east of Coronado. Chevron made the initial Coronado discovery in 2013, but then transferred operatorship and its stake in the field to Anadarko. Industry sources suggested that Chevron was never very optimistic by what it saw at Coronado. The discovery well in WR 98 encountered 122m (400 feet) of net pay at a TVD of 9,713m (31,866 feet). Following completion of the transactions, equity in WR 11, WR 55, WR 145 and WR 189 is now shared between Statoil Gulf of Mexico (37.5% WI + Op), Anadarko US Offshore (37.5%) and Venari Offshore (25%).
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