Offshore staff

(Houston) -- Noble Energy Cameroon Ltd. acquires a 50% interest in PH 77 offshore Republic of Cameroon from ConocoPhillips.

"Our acquisition of ConocoPhillips' interest in PH 77 significantly enhances our West Africa exploration portfolio and will allow us to leverage the knowledge we have gained in blocks 'O' and 'I' in Equatorial Guinea," says Charles Davidson, Noble's chairman, president and CEO.

"With our recent discovery in block 'O' and an earlier oil test on PH 77, we see our acreage in the Gulf of Guinea as highly prospective."

He also says that as operator of the block, Noble extended its deepwater drillship contract.

PH 77 covers 1.125 million acres between the coast of Cameroon and its boundary with Equatorial Guinea, and is contiguous with blocks 'O' and 'I' offshore Bioko Island.

7/6/06