Noble Energy makes offshore discovery in Equatorial Guinea

Noble is currently in the process of completing the 400-m horizontal section of the well and, using existing Aseng field infrastructure.

“We are excited to announce this discovery which could not have come at a more opportune time. We have been dedicated to developing our resources to build a better economy and create opportunities for our people and, it seems we are gaining momentum,” said Minister of Mines and Hydrocarbons, Gabriel Mbaga Obiang Lima.

He added that: “It’s always been our firm belief that our country is relatively underexplored. When companies drill offshore Equatorial Guinea, their likelihood for a discovery is real. Noble Energy and partners are longtime friends of Equatorial Guinea and it is only fitting that we should build on our oil and gas development efforts with them right by our side. This is great news for our economy, jobs creation and local content development.”

The Aseng field consists of five subsea wells connected to a FPSO vessel. With a 40% interest, Noble Energy is operator. Other partners include Atlas Petroleum (29%), Glencore Exploration (25%) and Gunvor (6%).

This year, Equatorial Guinea kicked off its endeavour to become Africa’s premier gas hub with the signing of definitive agreements with the Alen field partners and Punta Europa Plant owners to monetise gas from the Noble Energy-operated Alen field – a project known as the Gas Megahub.

As the country develops its gas resources, Lima said earlier this year that it was also targeting a final agreement on its 2007 joint deal with Cameroon to develop gas condensate discoveries Yoyo and Yolanda on their maritime border.

Read the article online at: https://www.oilfieldtechnology.com/exploration/28082019/noble-energy-makes-offshore-discovery-in-equatorial-guinea/