Noble Energy confirms deepwater oil at Gunflint in GoM

Noble Energy Inc.

The second Noble Energy Inc. (NYSE: NBL) appraisal well at the Gunflint field in the Gulf of Mexico (GoM) has found 109 ft (33 m) of net oil pay.

The Mississippi Canyon 992 No. 1 well, 1 mi (1.6 km) west of the original discovery well, was drilled to a TD of 32,800 ft (9,997 m) in a water depth of 6,100 ft (1,859 m). 

Results of drilling, wireline logs, and reservoir data have confirmed an estimated gross resource range of 65 to 90 MMboe in the primary structure. Once operations are completed, the well will be suspended for future use.

“Our appraisal program at Gunflint solidifies our plans for a subsea tieback development, with sanction planned for later this year,” said Susan Cunningham, Noble Energy’s senior vice president, Deepwater Gulf of Mexico. “Along with our Big Bend discovery, we now have two major projects in the deepwater Gulf of Mexico targeting first production at the end of 2015.”

Noble Energy operates Gunflint with a 31.14% working interest. Other partners in the project are Ecopetrol America Inc. with 31.5%, Marathon Oil Co. with 18.23%, and Samson Offshore LLC with 19.13%.

Noble Energy plans to move the drilling rig to Troubadour, a low-risk amplitude prospect offsetting the Big Bend discovery, over the next several weeks. The well is expected to reach total depth late in the third quarter. 

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