Project Profile
Value: Undisclosed
Location: Gulf of Mexico
Capacity: 130,000 barrels of oil per day
Noble Energy made a discovery on Mississippi Canyon Block 562 (Isabela Prospect) in the Gulf of Mexico, located approximately 150 miles southeast of New Orleans in 6,500 feet of water in June 2007.
The Isabela well was spud on February 28, 2007, and drilled to a total depth of approximately 19,100 feet using Transocean\'s Deepwater Horizon. The well encountered hydrocarbons in two high quality reservoirs. Noble Energy has a 33.33 percent working interest in the Isabela discovery. BP is the operator of the project with 66.67 percent.
The discovery well has been temporarily suspended pending development operations. The most likely development concept for the project is a subsea tieback to BP\'s existing Na Kika production facility located nearby. Noble Energy has also acquired an interest in adjacent acreage with additional exploration potential.
Located in 6,500 feet of water, the Santiago exploration well had previously drilled to a depth of 13,585 feet at the time of the moratorium. Drilling operations are anticipated to resume in late March 2011, targeting total drilling depth of approximately 19,000 feet. Results are expected by the end of May 2011. The Ensco 8501 rig, which performed completion operations on the Santa Cruz and Isabela discoveries at the Galapagos project during the second half of 2010, will perform the drilling at Santiago.
Operators:
Santiago Field
Noble Energy: Operator with 23.25% working interest
Houston Energy, L.P.: 10% interest
Red Willow Offshore, LLC: 20.25% interest
BP Exploration & Production Inc.: 46.5% interest
Contractors:
Ensco: Drilling rig
ClampOn: Several subsea sand monitors and pig detectors
Transocean: Drilling contract
Technip: Project management, engineering, fabrication and installation of pipe-in-pipe flowlines, steel catenary risers and subsea equipments.