Company Report

Noble Energy oil and gas exploration summary

Get this report

$1,300

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQ's about online orders
- Find out more about subscriptions

26 September 2019

Noble Energy oil and gas exploration summary

Report summary

Noble Energy has transformed itself through a series of acquisitions and divestments. It has historically used exploration as its primary engine of growth, but acquisitions have catapulted Noble into a leading Permian player. While conventional exploration is taking a back seat in terms of activity, its role is to grow the company through high-impact drilling to attain major new developments. Over the past decade, Noble has opened frontier plays and enjoyed a period of outstanding success with wildcat drilling, particularly in the Eastern Mediterranean. Commercialisation of the giant gas resources here are moving forward. We currently calculate full-cycle value creation of US$3 billion from conventional exploration in 2009-2018. Meanwhile, rapid exploitation of acquired Delaware basin acreage pushes value creation from organic unconventionals to US$2 billion. Full details are provided in our report, and all data and analysis can be downloaded in excel and pdf format.

Table of contents

  • Upstream strategy
  • Exploration outlook
  • Other Noble Energy research
  • Evolution of exploration strategy
  • Well data
  • Giant volumes discovered at low cost
  • Higher-impact exploration brings greater complexity
  • Progress in realising value from the giant gas finds

Tables and charts

This report includes 21 images and tables including:

  • Net active exploration acreage by water depth
  • Net active conventional exploration acreage by country
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Gross conventional exploration & appraisal wells by basin and sector
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Discoveries (2009 to 2018)
  • Key organic unconventional plays
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Production from new field discoveries, organicunconventionals and as a proportion of all future production
  • Full-cycle economics
  • Full cycle value creation by year, including unconventionals
  • Exploration returns by year, including unconventionals
  • Costs and development value by reserves category
  • Exploration returns by water depth

What's included

This report contains:

  • Document

    Noble Energy oil and gas exploration summary 2009-2018.xlsb

    XLSB 294.37 KB

  • Document

    Noble Energy oil and gas exploration summary

    PDF 983.86 KB

  • Document

    Noble Energy oil and gas exploration summary

    ZIP 1.13 MB

Trusted by leading organisations