Noble Energy takes over operatorship in Shell’s Colombia offshore blocks

U.S. oil company Noble Energy has acquired a 40 percent share in Shell’s offshore blocks in Colombia.

Along with the stake, Noble Energy has also taken over operatorship over the COL-3 and GUA OFF-3 blocks covering around 880,000 hectares.

President of the ANH, Luis Miguel Morelli said the Shell/Noble alliance was great news for the country, and a serious bet of two large companies on the Colombian offshore potential “which will surely bring progress and well-being for the Caribbean region as a whole.”

The ANH estimates that the initial work program for the two blocks will require an investment of $100 million.

Ian Gordon, Country Manager,  Noble Energy Colombia, said the company hoped to drill the first well after analyzing in more details the prospects and obtaining the relevant approvals from the government.

The farm-down comes just two weeks after Shell had signed exploration and production contracts for the two blocks offshore Colombia.

At the time, ANH President, Luis Miguel Morelli said that Shell assumed investment commitments of more than 100 million dollars for the first phase of exploration in these two blocks.

However, he said, if Shell later decides to continue with the exploratory program of the following two phases, the investment in its entirety may exceed 650 million dollars.”

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply