Noble Energy acquires interest in BP Gulf of Mexico leases

HOUSTON — Noble Energy Inc. will acquire 50 percent of BP’s interest in 17 Gulf of Mexico exploration leases, the Houston-based oil and gas announced Monday.

Noble Energy’s announcement did not say how much the company will pay for its stake in the leases, and a spokeswoman did not immediately respond to phone calls. A BP spokesman declined to reveal the deal’s price tag.

“As part of BP’s commitment to the region, where it is the largest investor and leaseholder, we look forward to working together to explore potential opportunities within these assets in coming years,” BP said in a statement.

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The deal includes a 50 percent working interest in the Bright prospect, currently drilling in water 5,600 feet deep, which Noble Energy estimates could have 90 to 350 million barrels of oil equivalent.

“The deep-water Gulf of Mexico is one of Noble Energy’s core areas and today we have expanded our opportunity set there through the successful capture of a number of attractive and sizable prospects,” said Susan Cunningham, Noble’s senior vice president for the Gulf of Mexico, West Africa and Frontier, in a statement.

Noble Energy’s operations are focused in the Marcellus Shale, Colorado’s DJ Basin, deep-water Gulf of Mexico, offshore West Africa and offshore Israel.


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