Noble signs Aseng FPSO agreement

Noble has signed a letter of agreement with SBM Offshore for the provision, lease, and operation of an FPSO for the Aseng field offshore Equatorial Guinea.

Offshore staff

SCHIEDAM, Netherlands – Noble has signed a letter of agreement with SBM Offshore for the provision, lease, and operation of an FPSO for the Aseng field offshore Equatorial Guinea.

The FPSO, which will be based on the conversion of a VLCC hull from SBM Offshore's inventory, will serve field and establish a liquids hub for Noble's future developments in the area. The vessel will have capacity for 120,000 b/d of liquids, including processing of 80,000 b/d of oil, and injection of up to 150,000 b/d of water, as well as handling 170 MMcf/d of gas. The unit will have storage capacity for 1.6 MMbbl of oil including up to 500,000 bbl of condensate.

The contract, beginning in late 2012, covers an initial 15-year period, with optional extensions of up to five years.

08/26/2009

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