Noble Energy takes interest in deepwater GoM tracts

Offshore staff

HOUSTON – Noble Energy Inc. (NYSE: NBL) has agreed with BP Exploration & Production Inc. to acquire 50% of BP's interest in 17 deepwater exploration leases in the Atwater Valley protraction area of the Gulf of Mexico. 

As part of the transaction, Noble Energy is participating with a 50% working interest in the Bright prospect, which is currently drilling on Atwater Valley block 362 in a water depth of approximately 5,600 ft (1,707 m).  The initial well, targets multiple Upper and Middle Miocene reservoirs, is anticipated to reach a TD of 13,500 ft (4, 115 m). 

“We have multiple opportunities for substantial hydrocarbon discovery in the near-term, with the Katmai prospect results expected by our second quarter earnings call and the Bright prospect anticipated to be at total depth by the end of the third quarter,” said Susan M. Cunningham, senior VP, Gulf of Mexico, West Africa, and Frontier for Noble Energy. “In addition to our exploration programs, we are also currently drilling a second well at Dantzler as we progress multiple major projects toward first production.”

6/17/14

Related Articles

Rockhopper to exit offshore Malta license

Dec 16, 2014

Rockhopper says it plans to exit the Area 4 license offshore Malta at the end of the first exploration phase on Jan. 18, 2015. 

Island nations off East Africa hold frontier exploration potential

Dec 12, 2014 In light of the recent discoveries that have been made offshore East Africa, the archipelagos of the Indian Ocean have received more attention from the international oil and gas industry. While the...

Local content rules in Nigeria expected to transform West Africa

Dec 12, 2014 In 2010, the Nigerian Oil and Gas Industry Content Act, or the Local Content Act as it is commonly called, became law. The act had been 10 years in the making and prescribes minimum thresholds for ...

Mexico announces shallow-water GoM bid plans

Dec 12, 2014

Mexico is making one of the first action steps in its energy reform by offering 14 shallow-water exploration and production contracts for bids.

Myanmar plans 2015 bidding round

Dec 12, 2014

By the end of 2015, the Myanmar government plans to further open up its oil and gas sector with the release of 15 exploration blocks.

Trending News

Development planning progresses at Gazelle offshore Côte d’Ivoire

Jan 30, 2015

Azonto Petroleum says the Côte d’Ivoire government has approved a revised development plan for the shallow-water Gazelle field.

Norway issues permits for Vega transfer, Barents Sea well

Jan 30, 2015

Petroleum Safety Authority Norway has sanctioned Wintershall Norge’s use of the subsea production facilities on the Vega field in the Norwegian Sea.

Total prolongs contract for accommodation vessel offshore West Africa

Jan 30, 2015

Exmar says Total has signed an extension of its contract for the accommodation barge OTTO 5 until mid-2017.

Price squeeze will impact deepwater Africa ambitions, analyst claims

Jan 30, 2015

Wood Mackenzie predicts a 30% reduction in spending on exploration and appraisal offshore Africa this year.

EMGS secures Barents Sea 3D data deal

Jan 30, 2015

Electromagnetic Geoservices (EMGS) has a data licensing agreement with an unnamed oil company to supply 3D EM data for Norway’s 23rd licensing round in the Barents Sea.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>