July 30, 2008

Noble CEO: Multiple opportunities despite West Tapir result

Business News Americas

HOUSTON -- Suriname has multiple opportunities despite the lack of commercial hydrocarbons from the West Tapir exploration well, according to Houston-based Noble Energy (NYSE: NBL) CEO Charles Davidson.

The company last month announced the well on block 30 contained no commercial hydrocarbons.

"We are being a little careful about what exactly we found in the well. It continues to be an area that has attracted interest from other companies," Davidson said.

For his part, Noble COO David Stover said, "we haven't determined what the follow-up activity will be yet.  It's probably too early to speculate on that."

The company holds a non-operated 45% working interest in the block.