Overview

Noble Energy’s high-quality portfolio is distinguished by its diversity, exploration component and sizeable international holdings. Each asset fills an important role in a portfolio that balances lower-risk development projects with high-potential exploration activities. With an asset mix that includes U.S. onshore, deepwater Gulf of Mexico, and international opportunities in both oil and natural gas, we have many options that allow us to employ our knowledge, replicate our successes and create value for many years to come.  

Our onshore assets in the U.S. deliver steady, consistent and predictable results. Driven by exploration, activities in the deepwater Gulf of Mexico focus on significant opportunities where projects can be a source of medium and long-term growth for the company. With core positions in Equatorial Guinea and Israel, our international business is a source of low-cost, long-lived production that does not require large amounts of maintenance capital.

Since 2007, we have discovered resources of over 700 million barrels of oil equivalent, net to Noble Energy, from our exploration portfolio that has yet to be booked as proved reserves. These resources, representing an over 80 percent increase to our current reserve total, are expected to be booked over the coming years as our major development projects are sanctioned and brought to production. 

In addition, we have built an inventory of over 4 billion barrels of oil equivalent of further exploration upside that has the potential for continued success and long-term growth for our company.  The majority of the opportunities are in our 3 key exploration areas: the deepwater Gulf of Mexico, West Africa, and the Mediterranean.