Noble Affiliates Announces a Gulf of Mexico Deepwater Discovery

Noble Affiliates, Inc. announced its first operated deepwater commercial discovery in the Gulf of Mexico on the "Lost Ark" prospect in East Breaks Block 421. The OCS-G-17255 #1 well, located in 2,700 feet of water, was drilled to a total depth of 7,770 feet md/tvd and encountered a gross gas pay section from 6,695 feet to 6,805 feet, with high porosity and permeability. The well wad drilled by Noble Drilling's semisubmersible, Noble Homer Ferrington.

Operations have already commenced on a second well to an adjoining reservoir in East Breaks Block 464. A similar prospect exists in the adjoining Block 465. Current plans are to develop the discovery using a subsea completion, which would be tied back to an existing host platform. Noble Affiliates has a 48.4 percent working interest and is the operator, Forest Oil has a 50 percent working interest and Noble Drilling Exploration Company has a 1.6 percent working interest.


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