Tag: Mike Putnam

• Monday, October 6th 2014 - 07:19 UTC

  Falklands' offshore Scotia well not viable: Noble Energy will take 75m write down

  

  Houston-based Noble Energy will take a 75 million write down for exploration costs after determining that its offshore Scotia well in the Falkland Islands is not commercially viable. The well was drilled in 2012 using 2D seismic interpretation but was deemed non-commercial following analysis of 3D seismic data.