Netherlands-based services company SBM Offshore won a $400 million production handling contract with Houston-based Noble Energy Tuesday to produce Noble’s Big Bend and Dantzler deepwater fields to the Thunder Hawk DeepDraft semi-submersible rig in the Gulf of Mexico.
The deal is expected to bring in an estimated $400 million over the ten year primary contract period.
First oil from Big Bend is expected in late 2015 and first oil from Dantzler is expected in the first quarter of 2016.
The Big Bend field is located 18 miles from the Thunder Hawk platform in 7,200 feet of water in Mississippi Canyon Block 698.
Noble Energy operates a 54 percent working interest in Big Bend. W&T Energy VI, a wholly owned subsidiary of Houston-based W&T Offshore, holds a 20 percent stake, Houston-based Red Willow Offshore holds a 15.4 percent stake and Houston-based Houston Energy Deepwater Ventures V holds a 10.6 percent stake.
The Dantzler field is located seven miles from the Thunder Hawk platform in 6,580 feet of water in Mississippi Canyon Block 782.
Noble Energy operates Dantzler with a 45 percent working interest. New-Jersey based Ridgewood Energy Corporation, including ILX Holdings II a portfolio company of Riverstone Holdings, holds a 35 percent stake and W&T Energy VI holds a 20 percent stake.
Big Bend and Dantzler will be developed via a dual pipe-in-pipe loop system.
