U.S. Gulf Coast
Anglo-Dutch was the second Western oil company to develop a field in Kazakhstan after the breakup of the Soviet Union. Anglo-Dutch Energy LLC started exploration in 2001 for conventional oil and gas in the United States, and has discovered significant reserves on acreage previously held by major oil companies.
Quickly responding to the breakup of the Soviet Union, Anglo-Dutch went to Kazakhstan in 1992 and prepared a development plan for the Tenge Field, with remaining recoverable reserves of over 160 million barrels of oil and over 1.2 trillion cubic feet of gas. Anglo-Dutch started field development in 1994 with financing from a subsidiary of Chinese Petroleum Corporation (the national oil company of Taiwan), Naphtha Israel Petroleum Corporation (the former national oil company of Israel), and from several smaller U.S. and Turkish companies.
In the mid-1990’s, Anglo-Dutch led a group to bid on licenses in the northern Caspian Sea and to bid on several oil and gas fields located in the Aktyubinsk Region of western Kazakhstan. Our group included DEP-EKY (the national oil company of Greece) and Petrom (the national oil company of Romania).
In the United States, our geoscientists use innovative technologies to mitigate risk and to identify oil and gas prospects previously undetectable by conventional interpretation of 3D seismic data. We have over 2,300 square miles of 3D seismic data onshore and near-shore in Louisiana and Texas. The formations we target are the same that produce from large fields in the deep waters of the Gulf of Mexico, except in the areas we explore, those same formations are found at much shallower depths and can be developed at a fraction of the costs. Our first U.S. well was the William O. Cook No. 1, drilled in 2005 at the Roanoke Field in Jefferson Davis Parish, Louisiana. The well fully paid out within the first 4 months of production.