Noble Energy group has deepwater gulf oil find

A group led by Noble Energy Inc. has encountered 150 ft of net oil pay in two high-quality Miocene reservoirs at a deepwater discovery in the Gulf of Mexico.

The Big Bend prospect went to 15,989 ft in 7,200 ft of water on Mississippi Canyon Block 698.

Noble Energy said Big Bend well results “appear at least as good as our predrill mean resource expectations and derisked our offset prospect Troubadour. The combination of excellent reservoir properties, fluid characteristics and our high working interest in this project will contribute significant production and cash flow for our business.”

Noble Energy is operator with a 54% working interest in Big Bend. W&T Energy VI LLC, a unit of W&T Offshore Inc., has 20%, Red Willow Offshore LLC 15.4%, and Houston Energy Deepwater Ventures V LLC 10.6%.

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