Noble Energy Loses Main Pass 306D Platform in Hurricane

Noble Energy has completed a survey of the company's operated Gulf of Mexico production platforms. Based on the company's initial inspections, no major damage has been identified, with the exception of the Main Pass area where the company's 306D platform was lost in the storm. Prior to shut-in for Hurricane Katrina, Main Pass 306D was producing 410 barrels of oil equivalent per day (Boepd), net to Noble Energy.

All potentially impacted areas in the Gulf of Mexico were shut in prior to the arrival of Hurricane Katrina, and all personnel were safely evacuated. The company has resumed operations in the Gulf of Mexico with total net production currently at 52 percent of pre-storm levels. Net production is expected to reach approximately 75 percent of pre-storm levels by early next week. Resumption of remaining production will depend on the results of additional damage assessments, and the restarting of pipeline and other facilities not operated by Noble Energy. Noble Energy's net Gulf of Mexico production averaged approximately 26,000 Boepd for June and July, or approximately 16 percent of Noble Energy's total net production at the end of the second quarter.