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W&T Offshore Inc. Message Board

  • phoenix_investor phoenix_investor Jun 17, 2013 7:00 PM Flag

    Noble updates Big Bend (20% WI for W&T)

    Susan Cunningham, Noble Energy's Senior Vice President Deepwater Gulf of Mexico, West Africa and Frontier Regions, commented, "Our appraisal program at Gunflint solidifies our plans for a subsea tieback development, with sanction planned for later this year. 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. These developments represent significant value to our overall portfolio."

    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.

    Noble Energy operates Gunflint with a 31.14 percent working interest. Other partners in the project are Ecopetrol America Inc. with 31.50 percent, Marathon Oil Company with 18.23 percent and Samson Offshore, LLC with 19.13 percent.

 
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