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Trema a No-Go for Noble Off Cameroon


Date: Friday, October 19, 2012
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Noble Energy’s Trema exploration well in the Tilapia license offshore Cameroon reached its targeted depth, encountering reservoir-quality sandstones however, these sandstones were water-bearing. The well is currently being plugged and abandoned.

The company’s total cost of the Trema well is estimated at $35 million of which $20 million will be expensed in Q3 2012 and the remainder in Q4. Noble Energy operated the well with a 50% participation interest in the license.



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