Noble Energy signs agreement to explore offshore Gabon

Posted on 12 August 2014

Noble Energy has signed a production-sharing contract (PSC) with the Gabon government, covering Block F15 in the Gabon Coastal Basin. The PSC includes a four-year seismic commitment and a future option for exploration drilling. The execution of the PSC represents Noble Energy’s entry into Gabon.

Block F15 is located approximately 140 km (87 miles) off the coast of Gabon and covers more than 2,700 sq km (670,000 gross acres). Water depths range from 2,300 to 3,000 m (approximately 7,500 to 9,900 ft).

“The Gabon PSC adds a large and exciting exploration opportunity to Noble Energy’s diversified global portfolio. We look forward to working with the government of Gabon and our partner on this project, which has the potential to contribute significantly to the economy of Gabon, as well as to the local communities,” Susan M. Cunningham, Senior VP, Gulf of Mexico, West Africa and Frontier, said. “Several substantial subsalt leads have already been identified on the acreage, and we expect the prospects of the block will be enhanced as the work program progresses.”

Under the terms of the PSC, Noble Energy will be the operator with 60% working interest and Woodside Petroleum will have 40% working interest.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 26 February 2015

    JDC inaugurates Hakuryu 12 jackup, looks to growth in Middle East, Myanmar and Russia

    The Japanese word “hakuryu” means “white dragon.” In Asia, dragons are strongly associated with oceans. They also represent power and blessings...

  • 16 February 2015

    Steven Newman steps down as Transocean President, CEO

    Transocean announced that Steven Newman and the Board of Directors have mutually agreed that he will step down as President and CEO, effective 16 February 2015...

  • 11 February 2015

    Video: WADI program arms young talent with skills to succeed in drilling industry

    As the drilling industry’s aging workforce continues to retire, a new generation of employees is needed to fill vital roles. To address this challenge, IADC’s Workforce...

  • 11 February 2015

    Scandrill’s Scan Vision rig designed with safety, efficiency in mind

    After 22 weeks of construction and a $20 million investment, Scandrill christened the Scan Vision rig on 27 January at the company’s Tyler, Texas, facility...

  • 11 February 2015

    Video: Proper fitness-for-duty evaluations can reduce medical evacuations

    Effective fitness-for-duty evaluations can help reduce the number of medical evacuations from drilling rigs, as a large portion of those evacuations are due to illness...

  • Read more news