Noble makes gas, condensate discovery off Equatorial Guinea

Noble Energy Inc. has made a gas and condensate discovery on Block I in the Douala basin off Equatorial Guinea.

Jun 27th, 2007

By OGJ editors
HOUSTON, June 27 -- Noble Energy Inc. has made a gas and condensate discovery on Block I in the Douala basin off Equatorial Guinea.

The discovery well, I-1, was to test the Benita prospect. The well is 25 miles east of Bioko Island and 13 miles south of the 2005 Belinda discovery on Block O.

I-1, drilled in 2,880 ft of water to 10,460 ft TD, encountered an "extremely" high-quality Miocene reservoir with 135 ft of net hydrocarbon pay, Noble said. The reservoir section at the Benita discovery is much thicker than at Belinda, also of Miocene age.

On test the well flowed 1,038 b/d of condensate and 34.3 MMcfd of gas. Production rates were limited by test facilities.

Condensate yields can be increased with the installation of cooling and processing facilities, Noble said.

Additional appraisal work will be necessary to verify the aerial extent of the Benita discovery. Any appraisal work will follow the drilling of an additional exploration well in Block I, Noble said.

The company is currently carrying out a multiwell exploration and appraisal program designed to test a number of prospects in the region.

The Songa Saturn drillship will now move back to Block O to drill later this month a Belinda appraisal well 4.5 miles from the O-1 discovery well. Current plans are to return to Block I in the third quarter to drill the second exploration well.

Noble Energy is the technical operator of Block I with a 40% participating interest. Its partners include Atlas Petroleum International Ltd.54%, (administrative operator), and PA Resources Group member Osborne Resources Ltd. 6%. Equatorial Guinea's GEPetrol has a 5% carried interest once commerciality has been determined.

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