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Noble Energy holds a 25 percent working interest in more than 2 million gross acres in the Orphan Basin, located in the Labrador Sea offshore Newfoundland. Evaluation of the license area reveals multiple deepwater fan deposits. The acreage – located in Blocks 3, 4, 8 and 10 – has multi-billion barrel potential. We will focus on refining our seismic evaluation during the first half of the six-year exploration phase.