FDA Re-Inspects Perregon's Allegan Facility as Follow-Up to
Noble Energy is down 1.23% to $91.52 after the company late Monday received a permit to resume drilling at the Santiago prospect in the deep-water Gulf of Mexico. Well operations were suspended in June 2010 as a result of the deep-water Gulf of Mexico drilling moratorium. Santiago is a middle Miocene amplitude prospect on Mississippi Canyon Block 519. Noble Energy is the operator with a 23.25% working interest. 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.
Credit: Financial News Network
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