Noble Energy Announces Trema Exploration Results Offshore Cameroon
HOUSTON, Oct. 18, 2012 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced that the Trema exploration well in the Tilapia license offshore Cameroon reached its target objective and encountered reservoir-quality sandstones that 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 the third quarter of 2012 and the remainder in the fourth quarter. Noble Energy operated the well with a 50 percent participation interest in the license.
Noble Energy is a leading independent energy company engaged in worldwide oil and gas exploration and production. The Company has core operations onshore in the U.S., primarily in the DJ Basin and Marcellus ...