Noble Energy announces Trema exploration findings

Noble Energy operated the well with a 50 per cent participation interest and said it had encountered “reservoir-quality sandstones that were water-bearing”.

The energy company’s expenditure on the Trema well has been estimated at US$35mn, of which US$20mn would be spent until the end of 2012.

Noble Energy has bases onshore in the US, mainly in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean and offshore West Africa.