Noble Energy will plug and abandon its Cheetah exploration well offshore Cameroon after finding both crude oil and natural gas shows in multiple non-commercial reservoir sands.
Noble said that results from the well are being integrated into its geologic modeling for the remaining prospectivity in the Tilapia license. The rig, which drilled the Cheetah well to a total depth of approximately 13,320ft, will be released at the completion of well operations.
Noble stated in its 1Q 2015 results back in May that the Cheetah prospect, which sits in 85ft water depth inside the Tilapia license, in the Douala Basin, was thought to contain unrisked gross mean resources of more than 100 MMboe gross. Cheetah is a four-way structure and represented Noble's first Cretaceous oil prospect in Cameroon.
Noble Energy operates the Tilapia production sharing contract (PSC), which includes Cheetah, with 46.67% interest. Its partners are Woodside (30%) and Glencore (23.33%). Woodside farmed into the PSC in October 2014, and its CEO Peter Coleman called the Douala Basin at the time "an exciting opportunity."
Image: Map of Cheetah prospect/Noble Energy.
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