May 10 - Status of Deep Blue Exploration Well

Source Company Web Site
Company Noble Energy Inc. 
Tags Upstream Activities
Date May 10, 2010

Noble Energy, Inc. (NYSE: NBL) announced today that the Deep Blue exploration well on Green Canyon 723 in the deepwater Gulf of Mexico reached a depth of 32,684 feet. The well found hydrocarbon pay in multiple Miocene intervals. Noble Energy and partners are proceeding to sidetrack the well to determine the extent and commerciality of the pay zones encountered. Noble Energy operates the well with 33.75 percent interest. The Company's partners in the well include BHP Billiton Petroleum (Deepwater) Inc. (31.875 percent), Statoil USA E&P Inc. (15.625 percent),  Murphy Oil Corporation (NYSE: MUR) (9.375 percent), and Samson Offshore Company (9.375 percent). Sidetrack operations are expected to take up to 45 days.

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