Noble Energy Bids High for Deepwater Blocks in GOM



Noble Energy was the apparent high bidder on 16 deepwater lease blocks in the Central Gulf of Mexico Lease Sale 213. The Company joined with partners on one of the high bids and bid alone on the remainder. Noble Energy's share of the lease bonuses on its apparent high bids totaled approximately $37.7 million.

The high bid blocks cover in excess of 82,500 net acres in water depths up to 7,800 feet. Should all of the bids be awarded, Noble Energy's total acreage position in the deepwater Gulf of Mexico will expand to over 472,500 net acres. All high bids are subject to approval by the Minerals Management Service (MMS) of the U.S. Department of the Interior.

David L. Stover, the company's President and COO, said, "Today's results from the lease sale continue to build upon our attractive exploration inventory in the deepwater Gulf of Mexico. We remain focused on the Green Canyon and Mississippi Canyon areas and are particularly pleased to be high bidder on a number of our top priority prospects."


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