Noble Energy Announces Successful Results for Belinda Appraisal



    HOUSTON, Aug. 23 /CNW/ -- Noble Energy, Inc. (NYSE:   NBL) today announced
initial results from its Belinda appraisal well on Block "O" offshore
Equatorial Guinea.  The O-3 appraisal well, located in 1,740 feet of water and
approximately 4.2 miles southwest of the original Belinda discovery (O-1), was
drilled to a total depth of 9,500 feet.
    The O-3 well successfully extended the Belinda discovery by establishing
significant downdip resources.  Reservoir quality at the O-3 location was even
better than was encountered at the O-1 discovery location while maintaining
reservoir thickness.  Reservoir quality and content has been confirmed with
test results showing condensate-rich natural gas producing at maximum flow
rates of 30.4 million cubic feet per day of natural gas and 1,540 barrels per
day of condensate, or approximately 6,607 barrels of oil equivalent per day
(based upon a natural gas to crude oil conversion ratio of 6 to 1).  Maximum
flow rates from the original Belinda discovery were 24 million cubic feet per
day of natural gas and 1,225 barrels per day of condensate, or approximately
5,225 barrels of oil equivalent per day.  Production rates for both the
original discovery and the appraisal were limited by test facilities. With the
installation of cooling and processing facilities, condensate yields can be
increased.
    Noble Energy is the technical operator of Block "O" with a 45 percent
participating interest.  Its partners on the block include GEPetrol, the
national oil company of the Republic of Equatorial Guinea, with a 30 percent
participating interest and Glencore Exploration Ltd. with a 25 percent
participating interest.
    The Songa Saturn drillship will next move back to Block "I" where it will
drill a Benita appraisal well located approximately 2 miles from the I-1
discovery well announced earlier this year.
    Charles D. Davidson, Noble Energy's Chairman, President and CEO, said,
"The success of our Belinda appraisal well exceeded our expectations and is
significant from several perspectives.  It infers lateral continuity and
quality of the reservoir, confirms significant resources downdip of the
original discovery well, and it provides another calibration point for seismic
attributes.  We remain extremely encouraged with the results of our current
drilling program in West Africa with this latest well being the third
successful well out of a total of four drilled so far."
    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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