Viceroy Petroleum is a family owned E&P company with a 30+ year track record of finding and exploiting reserves, focused on unlocking mature salt dome fields' potential. Viceroy also owns casedhole wireline and fishing tool companies.
The company has entered into an agreement to purchase Cote Blanche Island (CBI). Until now, Viceroy has funded acquisitions and operations internally - but for the first time we are searching for a capital partner for Phase One of the development of CBI. CBI has cumulative production of 245 MMBO/C and 225 BCF with 30 wells producing greater than 1 MMBO of which 12 wells have cumulative production greater than 2 MMBO. There are more than 50 stacked pay sands in the field. The Technical Team from Weeks Island with a drilling success rate of 90% from 2008 to 2017 has been working CBI. With new processing on a merged 3D seismic survey over the area there are more than 50 leads, of which 30 plus prospects are ready to go, most with multiple targets. For Phase One Drilling Fund we are proposing three sidetracks and two new drill wells.