An integrated project team is working on plans for an appraisal of the Lorien discovery during 2004. Announced as a discovery in July 2003, the Lorien well is located in 2,177 feet of water. The well drilled to a total measured depth of 18,703 feet (or a total vertical depth of 17,432 feet) and encountered more than 120 feet of apparent oil in a high-quality reservoir interval.
Of ConocoPhillips' 65 percent working interest, Noble Energy acquired 40 percent, with the remaining 25 percent acquired by Norsk Hydro E&P Americas AS, Inc. and Davis Offshore, L.P. Norsk Hydro has a working interest of 30 percent. Davis Offshore has a working interest of ten percent. The acquisition of ConocoPhillips' working interest in Lorien by Noble Energy and its partners is subject to approval by the Minerals Management Service.
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