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Noble Energy Announces Sanction of Alen Project Offshore Equatorial Guinea
Noble Energy, Inc. (NYSE: NBL) announced today that the Plan of Development for the Alen condensate/gas-recycling project has been approved by the Ministry of Mines, Industry, and Energy of the Republic of Equatorial Guinea. Noble Energy's board of directors sanctioned the project in December 2010, followed closely by the approval of all partners. Formerly known as Belinda, Alen is a liquid-rich gas-condensate field and was Noble Energy's first operated discovery in the Douala basin. The reservoir lies primarily in Block "O", where the original discovery was made, and extends into the northern part of Block "I" offshore Equatorial Guinea. Noble Energy is Technical Operator of the project with an average working interest of 44.65 percent.

date.png16 Jan 2011 17:00 | comments.png 0 Comments | tags.png equatorial-guinea noble offshore upstream [ More ]
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