Oil Rig_Offshore

US-based Noble Energy has discovered oil at the Troubadour exploration prospect in deepwater in the Gulf of Mexico.

The well, which is in 7,273ft of water, on Mississippi Canyon block 699, was drilled to a total depth of 19,510ft.

Troubadour exploration prospect is located in the company’s Big Bend / Troubadour ‘Rio Grande‘ area.

Approximately 50ft of net natural gas pay has been identified by reservoir and fluid measurement logs in a high-quality Miocene reservoir.

Noble Energy senior vice president, Gulf of Mexico, West Africa and Frontier Ventures, Susan Cunningham, said the discovery follows on the company’s previous exploration success at Big Bend, combining to provide another development opportunity for its Gulf of Mexico business.

"Results from the well have provided critical new information that indicates a greater than previously predicted oil recovery in the Rio Grande complex," Cunningham added.

"Troubadour exploration prospect is located in the company’s Big Bend / Troubadour ‘Rio Grande’ area."

Discovered gross resources in the area are expected to be between 50 and 100 million barrels of oil equivalent, 75% of which represent oil volumes.

The company, which plans to move forward its development planning as subsea tiebacks to an existing host facility, will target initial project sanction by the end of 2013, while first production is planned towards the end of 2015.

For future development, the company will temporarily abandon the Troubadour discovery and upon completion of operations will move the drilling rig to the Dantzler prospect on Mississippi Canyon 738/782.

Noble Energy operates Big Bend with a 54% participating interest and Troubadour with a 60%, with other interest owners including Red Willow Offshore with 15.4%, Houston Energy Deepwater Ventures V with 10.6% and W&T Energy VI with 20%.

W&T Energy VI and Deep Gulf Energy II participate in Troubadour with 20% each.


Image: Noble Energy will move the drilling rig to the Dantzler prospect on Mississippi Canyon 738/782 after completing operations at Troubadour. Photo courtesy of num_skyman / FreeDigitalPhotos.net.

Energy group link