Noble Energy, Inc. today announced that the Trema exploration well in the Tilapia license offshore Cameroon reached its target objective and encountered reservoir-quality sandstones that were water-bearing. The well is currently being plugged and abandoned.
The Company’s total cost of the Trema well is estimated at $35 million of which $20 million will be expensed in the third quarter of 2012 and the remainder in the fourth quarter. Noble Energy operated the well with a 50 percent participation interest in the license.
[mappress] Press Release, October 18, 2012