Operations
Deepwater Gulf of Mexico Several years ago, Noble Energy migrated its Gulf of Mexico investments to deepwater where our activities are driven by exploration. Our focus is on high-impact opportunities with the potential to provide significant medium and long-term growth to the company. With a track record of success in finding and developing crude oil and natural gas resources, we have several large producing fields, multiple ongoing development projects and a substantial inventory of additional exploration opportunities. Recent discoveries at Galapagos (Isabela and Santa Cruz) and Gunflint position Noble Energy to be a major player in this region for years to come. First production from these recent discoveries is targeted for 2011 from the Galapagos complex. Gunflint, a subsalt Miocene discovery from 2008, represents the Company's largest Gulf of Mexico discovery to-date. Planned appraisal drilling at Gunflint will help define the extent and potential development scenario. With an unrisked net exploration inventory that exceeds 2 billion barrels of oil equivalent, Noble Energy maintains a multi-year inventory of prospects focused on subsalt Miocene and proven amplitude plays. As a result of the current moratorium on deepwater Gulf of Mexico drilling, we have suspended operations at Santiago and Deep Blue, and we are working a number of options to continue moving forward our major project developments. |
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