Noble Energy Announces Additional Discovery on Block 'I' in Equatorial Guinea



    HOUSTON, Nov. 14 /CNW/ -- Noble Energy, Inc. (NYSE:   NBL) today announced
a new discovery on Block "I" offshore Equatorial Guinea.  The 'I-3' well,
which tested the Yolanda prospect, encountered a high quality Miocene
reservoir containing 47 feet (14 meters) of net hydrocarbon pay. Production
tests from the well yielded flow rates of 371 barrels per day of condensate
and 36 million cubic feet per day of natural gas, or approximately 6,371
barrels of oil equivalent per day (based upon a natural gas to crude oil
conversion ratio of 6 to 1), with production rates limited by test facilities.
The Yolanda discovery, located in 2,940 feet (896 meters) of water is
approximately 30 miles (48 kilometers) east of Bioko Island and six miles (10
kilometers) south of the Benita discovery, which is also on Block "I".  It was
drilled to a total depth of 9,482 feet (2,890 meters).
    The Songa Saturn drillship will remain on Block "I" where it will move to
test an additional Miocene exploration prospect that is on trend with the
Belinda discovery located on Block "O" offshore Equatorial Guinea.
    Noble Energy is the Technical Operator of Block "I" with a 40 percent
participating interest.  Its partners on the block include Atlas Petroleum
International Limited (29 percent participating interest), who is the
Administrative Operator, Glencore Exploration Ltd. (25 percent participating
interest) and Osborne Resources Limited, a company within the PA Resources
Group (six percent participating interest).  GEPetrol (the national oil
company of the Republic of Equatorial Guinea) has a five percent carried
interest once commerciality has been determined.
    Charles D. Davidson, Noble Energy's Chairman, President and CEO, said,
"The success at Yolanda continues the momentum of our exploration and
appraisal drilling program in Equatorial Guinea.  This discovery represents
our fourth consecutive successful well in Equatorial Guinea. Since beginning
our exploration program in late 2005, there has only been one dry hole out of
the six wells drilled in Blocks "O" and "I". Our discoveries, which include
both gas-condensate and oil fields, have confirmed that this basin contains
significant hydrocarbon resources. We look forward to additional exploration
and appraisal drilling while moving forward with our planning for commercial
development of these important discoveries."
    Noble Energy is one of the nation's leading independent energy companies
and operates throughout major basins in the United States including Colorado's
Wattenberg Field, the Mid-continent region of western Oklahoma and the Texas
Panhandle, the San Juan Basin in New Mexico, the Gulf Coast and the deepwater
Gulf of Mexico.  In addition, Noble Energy operates internationally in
Argentina, China, Ecuador, the Mediterranean Sea (Israel), the North Sea (UK,
the Netherlands, and Norway), West Africa (Equatorial Guinea and Cameroon) and
Suriname.  Noble Energy markets natural gas and crude oil through its
subsidiary, Noble Energy Marketing, Inc.  Visit Noble Energy online at
http://www.nobleenergyinc.com.
    This news release may include projections and other "forward-looking
statements" within the meaning of the federal securities laws.  Any such
projections or 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.  Important factors that could cause the
actual results to differ materially from those projected include, without
limitation, the volatility in commodity prices for oil and 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.  The United States Securities and Exchange Commission
permits oil and gas companies, in their filings with the SEC, to disclose only
proved reserves.  We may use certain terms in this press release, such as
"resources," "estimated resource range," "resource potential" and "potential
resources," that the SEC's guidelines strictly prohibit us from including in
filings with the SEC.  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.




For further information:

For further information: Chris Tong of Noble Energy, Inc., 
+1-281-872-3122, Investor_Relations@nobleenergyinc.com Web Site:
http://www.nobleenergyinc.com

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