Noble Energy makes discovery on Diega

New discoveries of multiple reservoirs containing oil and/or gas condensate have been made during exploration drilling at the Diega prospect on block I offshore Equatorial Guinea, according to partner PA Resources.

Offshore staff

STOCKHOLM -- New discoveries of multiple reservoirs containing oil and/or gas condensate have been made during exploration drilling at the Diega prospect on block I offshore Equatorial Guinea, according to partner PA Resources.

The drilling rig encountered approximately 12 m (39 ft) of net gas-condensate pay in the primary drilling zone, which geological properties correlates to previous discoveries in the region, the company says.

A deeper previously untested feature was also discovered and found to contain 9 m (30 ft) of net gas-condensate pay underlain by 11 m (36 ft) of net oil pay.

After the drilling phase, the company will begin a testing program. Preliminary analysis suggests that liquid yields from the gas zones are expected to be greater than at the gas-condensate discovery made by Noble Energy on the nearby block O.

"Our participating interest in block I in Equatorial Guinea has proved to be very successful," says Ulrik Jansson, president and CEO of PA Resources. "The well at Diega represents the sixth successful well drilled on block I with no dry holes. On Diega we have also made the second oil discovery on the block."

07/15/2008

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