Noble Energy Announces Deepwater Gulf of Mexico Discovery

    HOUSTON, June 6 /CNW/ -- Noble Energy, Inc. (NYSE:   NBL) today announced a
discovery on Mississippi Canyon Block 562 (Isabela Prospect) in the Gulf of
Mexico, located approximately 150 miles southeast of New Orleans in 6,500 feet
of water.
    The Isabela well was spud on February 28, 2007, and drilled to a total
depth of approximately 19,100 feet.  The well encountered hydrocarbons in two
high quality reservoirs.  Noble Energy has a 33.33 percent working interest in
the Isabela discovery.  BP (NYSE:   BP) is the operator of the project with
66.67 percent.
    The discovery well has been temporarily suspended pending development
operations.  The most likely development concept for the project is a subsea
tieback to BP's existing Na Kika production facility located nearby.  Noble
Energy has also acquired an interest in adjacent acreage with additional
exploration potential.
    Chuck Davidson, Noble Energy's Chairman, President and CEO, said,
"Isabela is the newest addition to Noble Energy's growing and successful
deepwater program, which currently represents about 15 percent of our
production. Isabela is an important discovery for us, which could add
production as early as late 2009.  In addition, when combining the Isabela
development with upcoming development projects at Lorien, Ticonderoga,
Swordfish and Raton/Redrock, Noble Energy's deepwater program is well
positioned to contribute strong production for several years to come."
    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, the North Sea, West Africa
and Suriname.  Noble Energy markets natural gas and crude oil through its
subsidiary, Noble Energy Marketing, Inc. Visit Noble Energy online at

    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.

For further information:

For further information: Chris Tong of Noble Energy, Inc., 
+1-281-872-3100, Web Site:

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