Noble Energy announces new exploration discoveries offshore Israel and in the deepwater Gulf of Mexico
Noble Energy, Inc. announced discoveries at the Tamar Southwest (SW) exploration well offshore Israel and at the Dantzler exploration well in the Deepwater Gulf of Mexico. Noble’s discovered resources in the Eastern Mediterranean now totals nearly 40 trillion cubic feet of natural gas.
The Tamar SW well offshore Israel, testing a new exploration prospect, encountered approximately 355 feet of net natural gas pay within the targeted Miocene intervals. Tamar SW, which was drilled to a total depth of 17,420 feet (5,310 meters) in 5,405 feet (1,647 meters) of water, is the company’s eighth consecutive discovery in the Levant Basin.
The field is located approximately 8 miles southwest of the Tamar field. Evaluation of drilling data and wireline logs has confirmed the range of gross resources (range of resource estimate based on 75th and 25th percentile probabilities) of the field to be between 640 billion cubic feet (Bcf) of natural gas and 770 Bcf. The well encountered high-quality reservoir sands, with per well productivity anticipated to be approximately 250 million cubic feet of natural gas per day.
At Dantzler, wireline logging data indicates that the well encountered over 120 net feet of primarily crude oil pay in two high-quality Miocene reservoirs. The discovery well, located in Mississippi Canyon 782, was drilled to a total depth of 19,234 feet (5,862 meters) in 6,580 feet (2,006 meters) of water. Dantzler is located 12 miles west of the company’s Rio Grande development area, which includes discoveries at Big Bend and Troubadour. Discovered gross resources at Dantzler are now estimated at between 55 and 95 million barrels of oil equivalent.
Noble Energy operates Dantzler with a 45% participating interest. Additional interest owners are entities managed by Ridgewood Energy Corporation (including Riverstone Holdings LLC and its portfolio company ILX Holdings II, LLC) with 35 percent and W&T Energy VI, LLC (a wholly owned subsidiary of W&T Offshore Inc.) with 20 percent. In the Deepwater Gulf of Mexico, the Company anticipates drilling at least two additional Miocene trend prospects in 2014.
Following completion of operations at Tamar SW, the drilling rig will be released to another operator. Noble Energy operates Tamar SW with a 36% working interest. Other interest owners are Isramco Negev 2 with 28.75%, Delek Drilling with 15.625%, Avner Oil Exploration with 15.625% and Dor Gas Exploration with 4%.
Noble Energy is a leading independent energy company engaged in worldwide oil and gas exploration and production. The Company has core operations onshore in the US, primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West Africa.