Experts in the Art of Oil Finding
In these times when all the “easy oil” has been found, the mature oilfields of the Gulf of Mexico—a reliable source of oil and gas for decades—serve as an ideal arena for the talent and technology that set us apart.
Recent challenging times have driven many companies away from the Gulf of Mexico Shelf. Yet even after more than 12 billion barrels of oil have been produced in this basin, it remains rich with opportunity for those that persevere. High production rates provide fast returns on investment.
Our expertise at Arena Energy is finding and exploiting the drilling opportunities that remain in the Gulf after 50 years of development by the major oil companies. To develop these less obvious and more challenging Gulf prospects, we need the oil finders of the 21st century. So we focus on hiring and equipping the top talent in the industry, seeking those who understand the opportunities that exist today on the Gulf shelf—and have the skill and creativity to recognize them.
How Arena Finds Oil
Throughout our history, we have never wavered from our focus on the Gulf shelf—nor our fundamental business plan.
Our founders and all key technical personnel have worked nearly their entire careers on Gulf development projects. We know this basin.
Since our founding, we have continued to believe the mature producing areas of the shallow-water Gulf still hold vast potential. Our results reinforce that belief. Over the last three years, the inventory of drilling prospects we have built is the largest and highest quality in our company’s history.
Detailed Technical Approach
Our integrated geological, geophysical and engineering evaluations are essential to identifying subtle targets with limited seismic responses often associated with oil prospects.
Today’s advanced imaging technology is especially effective on the Gulf Shelf. Three-dimensional seismic data is used reliably for geological interpretations to remap and uncover missed oil accumulations in a hydrocarbon basin where oil accounts for nearly one-third of production.
Independent Company's Mindset
Arena Energy was built on the success of many smaller discoveries. Today, we maintain that same entrepreneurial spirit and opportunistic approach—and continue to view smaller-reserve-size projects as attractive.