Noble Energy (NBL) says it struck ~150 ft. of net oil pay with "excellent reservoir properties...

|About: Noble Energy, Inc. (NBL)|By:, SA News Editor

Noble Energy (NBL) says it struck ~150 ft. of net oil pay with "excellent reservoir properties and fluid characteristics" at its Big Bend exploration probe in the deepwater Gulf of Mexico. NBL has a 54% working interest in the project; W&T Offshore (WTI) has 20%. However, a deepwater well off the Falklands Islands identified ~164 ft. of low quality reservoir and will be plugged and abandoned.