Green Touch Builders | Houston energy company expands in the Falkland Islands
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April 13, 2015 By SEO Admin

Houston energy company expands in the Falkland Islands

Houston-based Noble Energy Inc. (NYSE: NBL) has made a farm-in deal for oil production offshore of the Falkland Islands near Argentina.

Noble, which has pursued a Falkland drilling program for a few years, acquired a 75 percent interest and operations lead for a license in the North Falkland Basin from Argos Resources Ltd. Italy-based Edison International SpA acquired the remaining 25 percent interest. The license includes about 285,000 acres.

Noble and Edison will provide to Argos a 5 percent…