Noble Energy unveils offshore Israel expansion plans

Noble Energy says the onshore gas compression project at the Ashdod reception terminal on the Israeli coast is progressing.

Offshore staff

HOUSTONNoble Energy says the onshore gas compression project at the Ashdod reception terminal on the Israeli coast is progressing. The facility is receiving supplies from the deepwater Tamar field in the Levantine basin.

By mid 2015, Noble aims to enhance deliverability at the plant to 1.2 bcf/d (34 MMcm/d), and increase to 1.5 bcf/d (42 MMcm/d) in 2016. Development of the recentTamar Southwest discovery is to play a part in the expansion.

Noble’s next major deepwater Israeli development will be the 19-tcf (538-bcm)Leviathan field. It plans multiple phases of development with initial production in 2017.

The company sees further strong exploration potential on its acreage in the Eastern Mediterranean offshore, with around 3 Bbbl of gross unrisked oil potential in the deep Mesozoic play off both Cyprus and Israel, and 4 tcf (113 bcm) of natural gas potential off Cyprus.

Noble expects to resume exploration drilling in the region in late 2014 or early 2015.

Offshore West Africa, the company’s production is currently 80 MMboe/d. The Alen gas condensate recycling and production facility offshoreEquatorial Guinea has ramped up to 28,000 boe/d of condensate. Further enhancements at the field should lift production to 30-35 MMb/d by mid-2014.

The next planned major development project off Equatorial Guinea is the Diega area, with estimated resources of 70-200 MMboe. Recent appraisal drilling at the Diega field encountered significant oil volumes, with a flow test indicating potential deliverability of more than 10 MMb/d per well deliverability.

Noble expects the partners to sanction Diega in 2014 as a subsea tieback to theAsengFPSO, with first production targeted for late 2016.

12/17/2013

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