Noble Energy will plug and abandon its Silvergate prospect after failing to encounter commercial hydrocarbons in the Gulf of Mexico, and will move to drill an appraisal well at its Katmai discovery.
 |
|
Noble will move to drill at Katmai. Map from Noble Energy. |
The Silvergate exploration well was drilled on Mississippi Canyon Block 339 in 4518ft water depth.
Silvergate, a Miocene target with a resource range between 30-100 MMboe gross, had nearby subsea tie-back potential.
Upon completion of operations at Silvergate, Noble will mobilize the rig to Green Canyon Block 39 to commence drilling an appraisal well at the company’s 2014 Katmai oil discovery.
The Katmai appraisal well is designed to test additional gross resource potential beyond the 40-60 MMboe already discovered. Results from the Katmai appraisal well are expected in the early part of Q4 2016. Potential development at Katmai would likely involve a subsea tie-back into existing infrastructure, the company said.
In February, Noble Energy announced its strategy to pursuehigh-quality reservoirs near existing infrastructure to generate substantial value in the Gulf of Mexico, with a budget of US$250 million in 2016.
Noble Energy operates Katmai and has a 38% working interest in the appraisal well.
Noble Energy is the operator of Silvergate with 50% stake. BP holds the remaining 50%.
Read more:
Subscribe
