Noble Energy, Inc. says that at Katmai, wireline logging data indicates a total of 154 net feet of crude oil pay was discovered in multiple reservoirs, including 117 net feet in Middle Miocene and 37 net feet in Lower Miocene reservoirs.

The discovery well, located in Green Canyon 40, was drilled to a total depth of 27,900 feet in 2,100 feet of water. Total gross resources(1) at Katmai are now estimated at between 40 and 100 million barrels of oil equivalent, including 40 to 60 million barrels of oil equivalent discovered from this initial well. Additional exploration and appraisal drilling will be required to test the remaining upside potential.

The Dantzler-2 appraisal well, located in Mississippi Canyon 782, encountered 122 net feet of crude oil pay in two high-quality Miocene reservoirs. The well was drilled to a total depth of 18,210 feet in 6,600 feet of water.

Tags: Noble Energy