Noble Energy revealed a 15,000 boe/d increase in its Q4 2015 sales volumes for both offshore and onshore fields to an estimated 405,000-415,000 boe/d.
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Map of Noble's Gulf of Mexico assets. Image from Noble. |
The Houston-based company reported its actual volume sold in October and November 2015 exceeded expectations due to the accelerated ramp-up and early performance of its two deepwater fields Big Bend and Dantzler in the Gulf of Mexico. Both fields already achieved their targeted peak production rate of 20,000 boe/d, net to Noble Energy.
Big Bend, which was brought online in late October, is part of the Rio Grande complex in Mississippi Canyon 698, which includes two other discoveries Troubador and Dantzler.
Big Bend is a single-field well and was expected to reach a maximum gross production rate of approximately 20,000 boe/d in its first few weeks.
Big Bend and Dantzler, in Mississippi Canyon 782, are subsea tiebacks to the third-party Thunder Hawk production facility.
Another discovery, Gunflint, is planned to be a two-well tieback to come online in mid-2016.
Improved completion practices in the Eagle Ford and DJ Basin also benefitted the company, in addition to volumes in other US onshore assets. Noble also said its Q4 volumes in its West Africa and Israel assets are consistent with slightly better than prior expectations.
"We are finishing 2015 with tremendous operating momentum and performance across the business. The company's 2015 capital budget remains unchanged and Q4 capital will be the lowest quarterly spend of the year. We've positioned the company to operate within cash flow while still being able to deliver modest pro-forma annual volume growth in 2016," Gary W. Willingham, Noble Energy executive VP of operations said.
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