Continental Focus, International Reach

Noble Makes Discovery Offshore Equatorial Guinea

Wednesday, August 28, 2019

Houston-based Noble Energy has made an oil discovery in Block I, located offshore Equatorial Guinea’s mainland. The Aseng 6P well was drilled to a total depth of 4,417 meters. Noble is currently in the process of completing the 400-meter horizontal section of the well.

The Aseng field consists of five subsea wells connected to a FPSO vessel. The well is expected to come online as a producer in October 2019, utilizing existing Aseng 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 H.E. Gabriel Mbaga Obiang Lima.

“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,” he added.

Noble Energy is operator of the block with a 40% stake partnered with Atlas Petroleum (29%), Glencore Exploration (25%) and Gunvor (6%).