Production Begins from Lost Ark

Noble Energy, Inc. reports that production commenced from its Lost Ark Field (East Breaks 421 #1) in the deepwater Gulf of Mexico. Initial production began on June 25, 2002, and is currently flowing at a rate of 28 MMcfpd with a FTP of 3,100 PSI. Noble plans to ramp-up production to 40 MMcfpd. Noble Energy's wholly owned subsidiary, Samedan Oil Corporation, is the operator with a 48 percent working interest in the Lost Ark Field. Forest Oil Corporation has a 50 percent working interest and Noble Drilling Exploration Company has a two percent working interest in the field.

Lost Ark was discovered in 2001 and is located in 2,700 feet of water. The field was developed using subsea facilities and is tied back via a 26 mile umbilical and flow line to a host production facility.


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