The single-well field is ramping as expected and is anticipated to reach a maximum gross production rate of about 20,000 boe/d over the next couple of weeks. Approximately 90% of the volumes being produced are oil.
In addition, the company has continued to accelerate the Dantzler development and now expects first production by early November.
Noble Energy operates Big Bend with a 54% working interest, along with W & T Energy VI LLC with 20%, Red Willow Offshore LLC with 15.4%, and Houston Energy Deepwater Ventures V LLC with 10.6%.
The company is also the operator of Dantzler with a 45% working interest. Partners include Ridgewood Energy Corp. (including ILX Holdings II LLC a portfolio company of Riverstone Holdings LLC) with 35%, and W & T Energy VI LLC with 20%.
Gary W. Willingham, Noble Energy’s executive vice president of Operations, said: “We continue to build on our strong track record of major project execution with Big Bend coming online less than three years from discovery and within our sanctioned budget. Big Bend is the first of three major projects planned to come online for us in the Gulf of Mexico over the next nine months, contributing significant oil production and cash flow to the business.
“Short cycle times to first production, strong well deliverability, and low production costs from our Gulf of Mexico projects deliver attractive returns even in today’s environment.”