Noble Energy, Inc. (NYSE: NBL) announced today that it has ended drilling operations at the Leviathan #2 appraisal well location, offshore Israel. During the drilling process, the Company identified water flowing to the sea floor from the wellbore.
Noble
Energy,
Inc.
(NYSE:
NBL) announced today that it has ended drilling operations at the Leviathan #2
appraisal well location, offshore Israel. During the drilling process, the
Company identified water flowing to the sea floor from the wellbore. The source
is a water sand that flowed behind the surface casing. It has been monitored
closely and there are no indications of any hydrocarbons in the produced water.
Drilling in the Leviathan #2 well had not yet reached the depth of the targeted
gas intervals discovered in the Leviathan #1 well.
The Company has concluded that the current location and wellbore are unsuitable
for continued drilling operations. As such, Noble Energy plans to relocate the
drilling rig to a nearby location where it will resume the Leviathan natural
gas appraisal drilling program.
Noble Energy operates Leviathan, offshore
Israel
in
the Rachel and Amit licenses, with a 39.66 percent working interest. Other
interest owners are Delek Drilling and Avner Oil Exploration with 22.67 percent
each and Ratio Oil Exploration with the remaining 15 percent.
Noble Energy is a leading independent energy company engaged in worldwide oil
and gas exploration and production. The Company has core operations onshore in
the
U.S.
,
primarily in the DJ Basin, in the deepwater
Gulf of Mexico
,
offshore
Eastern Mediterranean
, and offshore
West
Africa
. Noble Energy is listed on the New York Stock Exchange and is traded
under the ticker symbol NBL. Further information is available at
www.nobleenergyinc.com.
This news release includes projections and other "forward-looking
statements" within the meaning of the federal securities laws. Such
projections and statements reflect Noble Energy's current views about future events
and financial performance. No assurances can be given that such events or
performance will occur as projected, and actual results may differ materially
from those projected. Risks, uncertainties and assumptions that could cause
actual results to differ materially from those projected include, without
limitation, the volatility in commodity prices for crude oil and natural gas,
the presence or recoverability of estimated reserves, the ability to replace
reserves, environmental risks, drilling and operating risks, exploration and
development risks, competition, government regulation or other action, the
ability of management to execute its plans to meet its goals and other risks
inherent in Noble Energy's business that are detailed in its Securities and Exchange
Commission filings. Words such as "anticipates," "believes,
" "expects," "intends," "will,"
"should," "may," and similar expressions may be used to
identify forward-looking statements. Noble Energy assumes no obligation and
expressly disclaims any duty to update the information contained herein except
as required by law. Investors are urged to consider closely the disclosures and
risk factors in our Forms 10-K and 10-Q, File No. 1-07964, available from Noble
Energy's offices or website,
http://www.nobleenergyinc.com.
These forms
can also be obtained from the SEC by calling 1-800-SEC-0330.
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