Image courtesy of BP.

Houston-based independent Noble Energy drilled dry at the Bright deepwater exploration well in the Gulf of Mexico.

BP operated the well with a 50 percent working interest and Noble Energy held the remaining 50 percent.

The well reached the targeted Upper and Middle Miocene objectives and did not encounter hydrocarbons, Noble said Friday.

The well was drilled to a total depth of 13,500 feet on Atwater Valley Block 362.

The well has been plugged and abandoned.

Noble had estimated potential resources of between 90 million and 350 million barrels of oil equivalent at the Bright prospect.

Noble is assessing the drilling results and its geological models to determine its next step at its recently acquired Atwater Valley acreage.

In June, Noble farmed into 17 blocks in the Atwater Valley.

Noble has a 50 percent working interest in four blocks, including block 362, and a 26 percent stake in the other four.

Noble said it expects third quarter 2014 exploration expense to remain within guidance of $150 to $250 million.

“While we are disappointed with the results of the Bright well, we remain extremely encouraged by the recent success of our exploration program in the Gulf,” Senior Vice President of the Gulf of Mexico, West Africa, and Frontier Susan Cunningham said.


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