Noble Energy’s exploration strategy rests on a best-in-class process that maintains investment discipline while allowing us to move quickly in obtaining quality assets. We consistently apply this strategy worldwide, subjecting our investment decisions to rigorous analysis, including peer reviews, to ensure that the best opportunities are funded.
We emphasize proactive exploration, seeking areas with “running room” where we can apply knowledge from our initial exploration activities to reduce risk, replicate successes and create value for many years. In addition to pursuing opportunities near existing operations where our past experience enhances our prospects for success, we have a New Ventures group that identifies promising additional regions. Our focus is on areas with ample available acreage to create sustainable and repeatable successes.
Our New Ventures group is a multi-discipline team dedicated to creating new exploration opportunities and the best potential investments based on a variety of factors that include: surface, sub-surface, technological and economic issues as well as the strategic fit within our asset portfolio.