World of oil and gas ///

Following the acquisition, and evaluation, of an extensive 3D seismic program over portions of the company’s 10-million-acre position, Noble Energy (35% WI, operator) plans to resume exploration drilling offshore the Falkland Islands in 2015. Noble’s initial operated prospect has been named Humpback and is in the Fitzroy sub-basin of the Southern Area license. The Humpback prospect is one of multiple, stacked fan prospects, clustered together in the sub-basin. This group of prospects, combined, has an estimated, gross, unrisked resource potential of approximately 1 Bboe. The company anticipates beginning its drilling at Humpback in mid-2015. Noble is finalizing pros-pect locations for a second exploration well, planned for later in 2015, following results at Humpback. The Scotia well, drilled in 2012 with 2D seismic interpretation, has been deemed non-commercial. Mike Putnam, Noble Energy’s V.P. of Exploration, said, “We are excited about our upcoming exploration program in the Falkland Islands where we will be testing a basin with multibillion barrel potential. Our recent 3D seismic acquisition has confirmed our initial thoughts that the basin contains prospects of material size with ample follow on opportunities.”

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