Noble to operate license off Cameroon

Noble Energy Cameroon Ltd. will become operator of the PH-77 license off Cameroon by acquiring ConocoPhillips's 50% participating interest.

July 7, 2006

By OGJ editors
HOUSTON, July 7 -- Noble Energy Cameroon Ltd. will become operator of the PH-77 license off Cameroon by acquiring ConocoPhillips's 50% participating interest.

The license covers 1.125 million acres between the coast and Cameroon's border with Equatorial Guinea. It is contiguous with Equatorial Guinea Blocks O and I off Bioko Island, for which Nobel Energy is technical operator. Last year the company tested 24 MMcfd of gas and 1,225 b/d of condensate in its O-1 well on a Block O prospect it has designated Belinda (OGJ Online, Oct. 20, 2005).

Noble Energy Chairman Charles Davidson said the Cameroon license area "has a number of prospects that are seismically similar to our Belinda discovery and other prospects soon to be tested on Blocks O and I."

Petronas Carigali Overseas Sdn. Bhd. has a 50% participating interest in the PH-77 license. State-owned Ste. Nat. des Hydrocarbures (SNH) may assume a 50% participating interest upon a commercial discovery.