West AfricaMore than 20 years ago, Noble Energy began its relationship with the Republic of Equatorial Guinea (EG) as a participant in the Alba field. In addition to natural gas and crude oil production, related operations include an LPG processing plant where liquids are recovered and a methanol plant.
The company has operated working interests of 45 percent in Block O and 40 percent in Block I. Over the last decade, we have achieved tremendous success offshore EG , discovering multiple oil and gas-condensate reservoirsincluding Aseng, Alen, Diega, Carla and Carmen.
We also brought two major operated projects online. Breakthrough execution and best-in-class safety performance enabled us to achieve first production at Aseng in November 2011 – ahead of schedule and under budget. Aseng is the first FPSO infrastructure in the Douala Basin.
This was followed by Alen – just 30 months following sanction – in October 2013. Alen was designed as a minimal-flare facility with the produced gas reinjected into the reservoir to maximize condensate recovery.
We are leveraging our success into a broadening regional approach.
We have an interest in over one million gross undeveloped acres offshore Cameroon. This includes operated working interests of 67 percent in the Tilapia exploration block and 50 percent in the YoYo mining concession, where we made the YoYo discovery. We signed a Production Sharing Contract with the Government of Gabon in 2014.
We have a 60 percent operated working interest in Block F15, an undeveloped ultra-deepwater area, covering over 670,000 gross acres. The PSC includes a four-year seismic commitment and an option for exploration drilling. We are currently conducting an environmental impact assessment and considering options for shooting and acquiring 3D seismic data.
For the latest West Africa news, see the most recent presentation on the Investor Events page.