In the Gulf of Mexico, Noble Energy Inc.’s Gunflint development facility is increasing its production. In a press release, Noble said that it predicts gross production of at least 20,000 barrels per day from Gunflint. 75 percent of this number is anticipated to be oil and Noble hopes to achieve a net amount to its interest of no less than 5,000 barrels per day.
According to a July 21 statement, Gunflint is Noble’s fourth successful offshore major venture finished over the last nine months. The other projects are the Big Bend and Dantzler start-ups in the Gulf and Equatorial Guinea’s Alba B3 compression platform, said Hodge Walker, president of Noble’s Gulf of Mexico and West Africa divisions.
“Our drilling and completions teams delivered impressive technical accomplishments on the Gunflint development, including several innovative first time techniques for the industry,” Walker also said in the release, “the coordination of simultaneous operations, including topside modifications at the floating production system and subsea well activities, in an accomplishment for all involved.”
The two-well Gunflint facility, located at Mississippi Canyon Block 948, is a subsea tie-back to the Gulfstar One facility which belongs to Williams Partners LP and Marubeni Corp.
The Gunflint facility is operated with 31.14 percent working interested. Some of the partners are Ecopetrol America Inc. with 31.50 percent, Marathon Oil Corp. with 18.23 percent, and Samson Offshore Mapleleaf LLC with 19.13 percent.
For years, Noble has stayed active in the Gulf of Mexico. Last year, the beginning of production from both Big Bend and Dantzler doubled the company’s Gulf production to 30,000 barrels a day. In June at the J.P. Morgan Energy Conference, Ken Fisher, Noble’s executive VP and CFO, announced that 85 percent of that production was oil. In just two and three years, both Big Bend and Dantzler went from discovery to production all because of Noble’s exploration proficiency and the company’s leveraging ability against Gulf infrastructure.
Fisher said that Big Bend, Dantzler, and Gunflint will all usher Noble into the year of 2017 with an attractive production portfolio.
Article written by HEI contributor Briana Steptoe.