Noble makes discovery in Equatorial Guinea

Noble Energy, Inc. confirms the discovery of multiple hydrocarbon-bearing reservoirs at Diega prospect offshore Equatorial Guinea. Noble is the technical operator on the block with a 40 percent participating interest.

The company said that the initial formation logs have identified 38 feet of net gas- condensate pay in the primary zone which correlates to earlier discoveries in the region.

A deeper previously untested feature was also discovered and found to contain 30 feet of net gas-condensate pay underlain by 37 feet of net oil pay.

According to preliminary analysis, the company hopes that liquid yields from the gas zones to be greater than at the Belinda gas-condensate discovery on Block “O.” The company has plans to start a testing program after completing the drilling.

Diega, the second oil discovery by Noble Energy and its partners on Block “I,” represents the sixth successful well drilled on the block with no dry holes.