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 ultra-deepwater area covering over 670,000 gross acres. 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.