Noble hits pay offshore Equatorial Guinea

Noble Energy has made an oil discovery on block O at the Carmen prospect, offshore Equatorial Guinea.

Offshore staff

HOUSTON -- Noble Energy has made an oil discovery on block O at the Carmen prospect, offshore Equatorial Guinea. The well encountered approximately 26 ft (7.9 m) of net oil pay along with 13 ft (4 m) of net gas pay, the company says. Located in approximately 150 ft (46 m) of water, the well was drilled to a total depth of 11,550 ft (3,520 m) to test a lower Miocene reservoir. The well has been temporarily abandoned pending future development considerations.

According to Noble, there are no plans to flow test the reservoir at the current time.

"We are excited to confirm that the oil sourcing extends from block I, where we have two separate oil discoveries, to the north in block O," says Charles D. Davidson, Noble Energy's chairman, president, and CEO. "We are optimistic about the further prospectivity of the region, and we will be recalibrating our seismic to identify other similar opportunities. At the same time, our teams are continuing to advance the oil development scenario for first production in 2012 and Carmen looks to be a very nice tie-in candidate."

02/13/2009

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