Noble Energy was one of the first independent producers to explore the Gulf of Mexico. We acquired our first offshore block in 1968. Today, we have several producing fields, ongoing deepwater development projects and a substantial inventory of exploration opportunities focused on subsalt Miocene and proven amplitude plays.
The company consistently delivers short cycle times to first production, strong well deliverability, and low production costs from our Gulf of Mexico projects.
Building on our strong track record of exploration and major project execution success, we brought the Big Bend and Dantzler fields online in late 2015 – ahead of schedule and within sanctioned budget. Crude oil and condensate comprise more than 85 percent of the expected production. First production commenced at our Gunflint oil development in July 2016. Through growth from these fields, we are substantially increasing 2016 average production.
For the latest Gulf of Mexico news, see the most recent presentation on the Investor Events page.