Noble joins Shell in offshore Egypt blocks

July 9, 2020
Noble Energy has been awarded shares of concessions covering two exploration blocks offshore Egypt’s Western Desert area.

Offshore staff

HOUSTON – Noble Energy has been awarded shares of concessions covering two exploration blocks offshore Egypt’s Western Desert area.

Blocks 6 and 7 each cover an area of more than 800,000 sq acres: final award in each case should follow later this summer.

Noble Energy will hold a 27% non-operated working interest in the position, with Shell Egypt (through its subsidiary BG Delta) operating with a 63% interest, with Noble assigned 27% and Egyptian oil company Tharwa 10%.

During the initial three-year exploration phase the partners plan to acquire seismic program with a view to targeting deepwater prospects with oil and gas potential.

Elsewhere in the region, the Noble-led partnership is finalizing commissioning of new compression facilities at the Ashkelon metering station in Israel, allowing increased sales volumes from fields offshore Israel into Egypt via the EMG Pipeline.

Sales volumes to gas importer Dolphinus in Egypt from the Tamar and Leviathan fields should ramp up throughout July.

At Leviathan, which came onstream at the end of last year, field and facility uptime has averaged 97% since start-up and exceeded 99% during June.

In Equatorial Guinea, offshore pipelay remains on schedule for Noble’s Alen Gas Monetization project with final hook-up and commissioning expected in late 2020.

07/09/2020