Updated  
June, 20 2013 11:29:18

Noble Energy eyes Nicaragua's first Caribbean well

MANAGUA– US oil firm Noble Energy is set to start drilling in August on Nicaragua's first offshore Caribbean well, with about a 25 per cent chance of success, a company official said on Wednesday.

Noble senior vice president Susan Cunningham said the Houston, Texas-based company would be able to meet Nicaragua's oil needs and even export if successful, according to remarks posted on the government's website. The Central American nation, one of the poorest in the Americas, is an oil importer and has just minor production along its Pacific coast.

Cunningham said this first phase will give the based company needed information on its future goals off the Caribbean coast. Noble plans to invest between $90-335 million between 2013 and 2019.--AFP


Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

Authorities step in to save old trees 1    Authorities step in to save old trees

The Ha Noi People's Committee has asked Ha Noi Urban Railway Management Unit to try to avoid chopping down many old trees to make way for a future metro line.

Young travellers rescue bus accident victims Young travellers rescue bus accident victims

A group of 16 young Vietnamese motorbikers were first on the scene at last Monday's tragic bus accident on its way from the resort town of Sa Pa, which killed 13 of the 50 passengers on a sleeper bus.

Capital's new urban areas still without safe tap water Capital's new urban areas still without safe tap water

People living in apartment buildings of the capital's new urban areas are expressing concern over poor-quality tap water.

Minister acts on highway peril Minister acts on highway peril

The Ministry of Transport has urged Lao Cai People's Committee to co-ordinate the completion of the highway linking Noi Bai airport with Lao Cai and the resort town of Sa Pa.

VN film triumphs at Venice festival VN film triumphs at Venice festival

A film by Vietnamese female director Nguyen Hoang Diep beat seven other foreign debut features to win the Best Film prize at the 2014 Venice International Film Festival's International Critics' Week.