anol plant are located on Bioko Island, Equatorial Guinea. The Alba field produced approximately 45 thousand barrels oil equivalent per day (MBoe/d), net, during 2015. The company sells its share of primary condensate produced in the Alba field under short-term contracts. It sells its share of natural gas production from the Alba field to the LPG plant, the methanol plant and an unaffiliated LNG plant. The LPG plant is owned by Alba Plant LLC (Alba Plant), in which the company has a 28% interest accounted for as an equity method investment. The methanol plant is owned by Atlantic Methanol Production Company, LLC (AMPCO), in which the company has a 45% interest, also accounted for as an equity method investment. AMPCO purchases natural gas from the Alba field under a contract that runs through 2026 and subsequently markets the produced methanol primarily to customers in the U.S. and Europe. During 2015, the company participated in the drilling of one development well. Other Block O & I Projects: The company is processing the results of 3D seismic data across Equatorial Guinea Blocks O and I which would aid in advancing other regional exploration and development opportunities, including the Diega/Carmen and Carla discoveries. Cameroon: The company has an interest in approximately one million gross undeveloped acres offshore Cameroon, which include the YoYo mining concession (50% operating working interest) and Tilapia PSC (46.67% operating working interest). Petronas holds the other 50% operating working interest in the YoYo mining concession. In 2015, the company drilled the Cheetah exploration prospect on the Tilapia license (46.67% working interest), offshore Cameroon. West Africa Natural Gas Project: The West Africa natural gas project includes the 2007 Yolanda discovery (Block I) and 2008 Felicita discovery (Block O), offshore Equatorial Guinea, the YoYo discovery, offshore Cameroon, and associated natural gas from Aseng and Alen, offshore Equatorial Guinea. A natural gas development team is working with each government to evaluate natural gas monetization options. In addition, the company is working to finalize a data exchange agreement between the two countries as a first step towards unitization of any cross border resources. Offshore Gabon: The company is the operator of Block F15 (60% working interest), an undeveloped, ultra-deep water area, covering approximately 671,000 gross acres. Eastern Mediterranean (Israel and Cyprus) The company’s leasehold position in the Eastern Mediterranean at December 31, 2015, included eight leases and three licenses operated offshore Israel and one license operated offshore Cyprus. Eastern Mediterranean acreage includes the Alon A and Alon C licenses, which were converted to the Karish and Tanin leases in 2015 and subsequently divested in January 2016. As of December 31, 2015, the Eastern Mediterranean position included approximately 80,000 net developed acres and 261,000 net undeveloped acres located between 10 and 90 miles offshore Israel in water depths ranging from 700 feet to 6,500 feet. The license offshore Cyprus covers approximately 464,000 net undeveloped acres adjacent to its Israel acreage. Tamar Natural Gas Projects (36% operated working interest): The Tamar project has peak flow rates of approximately 1.1 Bcf/d, gross, to support seasonal high demand periods. Other International In 2015, the company acquired the PL001 License in the North Falkland Basin, which covers an area of approximately 280,000 gross acres. Offshore Suriname: In 2015,the company acquired a non-operated 20% working interest in Block 54 offshore Suriname in the Atlantic Ocean via farm-in from Tullow Oil plc. Tullow is the operator with a 30% interest. North Sea: The non-operated MacCulloch field is undergoing decommissioning activities. Customers Glencore Energy is the major single non-affiliated purchaser of 2015 production and purchased the company’s share of crude oil and condensate production from the Alba, Aseng and Alen fields in Equatorial Guinea. Sales to Glencore Energy accounted for 18% of 2015 total crude oil, natural gas and NGL sales, o
noble energy inc (NBL:New York)
1001 Noble Energy Way
Houston, TX 77070
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