More 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 a methanol plant and an LPG processing plant where liquids are recovered.
The company operates Blocks O and I, offshore EG, where we discovered multiple oil and gas-condensate reservoirs over the last decade. 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.
A compression project at the non-operated Alba field will be complete in mid-2016 and will help sustain high production levels for that field. A 3D seismic program over our operated areas in EG is under evaluation and could lead to new exploration opportunities or additional development, and we are leveraging our success into a broadening regional approach.
We have an interest in over 1 million gross undeveloped acres offshore Cameroon. This includes operated working interests in the Tilapia exploration block and the YoYo mining concession, where we made the YoYo discovery.
We signed a Production Sharing Contract with the Government of Gabon in 2014 for operated working interest in Block F15, an undeveloped deepwater area covering over 670,000 gross acres. Our exploration commitment includes a 3D seismic obligation which is currently being acquired.
For the latest West Africa news, see the most recent presentation on the Investor Events page.