Noble compensated for Ecuador exit

Noble Energy has received $97 million compensation for the transfer of its interests in Ecuador to various government-affiliated entities.

Offshore staff

HOUSTON – Noble Energy has received $97 million compensation for the transfer of its interests in Ecuador to various government-affiliated entities.

The settlement included the offshore Amistad field assets and the Block 3 production sharing contract, which Ecuador’s government terminated last November.

06/01/2011

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