Last $73.69 USD
Change Today -1.22 / -1.63%
Volume 1.5M
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1001 Noble Energy Way

Houston, TX 77070

United States

Phone: 281-872-3100

Fax:

nyon Block 948; 26% operated working interest): Gunflint is a 2008 crude oil discovery. During 2013, the company completed drilling its second appraisal well and sanctioned the development plan for Gunflint utilizing a subsea tieback to an existing host facility. Galapagos Development Project, including Isabela (Mississippi Canyon Block 562; 33.33% non-operated working interest), Santa Cruz (Mississippi Canyon Blocks 519/563; 23.25% operated working interest) and Santiago (Mississippi Canyon Block 519; 23.25% operated working interest) The Galapagos crude oil development project consists of Isabela, a 2007 discovery, Santa Cruz, a 2009 discovery, and Santiago, a 2011 discovery. The Galapagos development began producing in 2012 and is connected to existing infrastructure through subsea tiebacks. Other Offshore Properties Raton (Mississippi Canyon Block 248; 67% operated working interest): South Raton (Mississippi Canyon Block 292; 79% operated working interest) is a 2008 crude oil discovery and began producing in 2012. Swordfish (Viosca Knoll Blocks 917, 961 and 962; 85% operated working interest): The Swordfish project includes two producing wells. The company acquired the Neptune Spar, a floating offshore production platform. Ticonderoga (Green Canyon Block 768; 50% non-operated working interest): The project includes four producing wells, including one drilled in 2013. Lorien (Green Canyon Block 199; 60% operated working interest): The project includes one producing well. Other offshore properties are connected to existing infrastructure through subsea tiebacks. INTERNATIONAL The company’s international business focuses on offshore opportunities in various countries and provides diversity to its portfolio. Development projects in Equatorial Guinea, Israel, the North Sea, and China have contributed to its growth. The company has acreage positions in West Africa, the eastern Mediterranean, and in 2012, it entered two new areas, such as offshore the Falkland Islands and offshore Sierra Leone. West Africa (Equatorial Guinea, Cameroon, and Sierra Leone) West Africa is one of the company’s core operating areas and includes the Alba field, Block O and Block I offshore Equatorial Guinea, as well as the YoYo mining concession and Tilapia PSC offshore Cameroon and two new blocks offshore Sierra Leone. As of December 31, 2013, the company held approximately 118,000 net developed acres and 80,000 net undeveloped acres in Equatorial Guinea, 695,000 net undeveloped acres in Cameroon, and 414,000 net undeveloped acres in Sierra Leone. Alen is a natural gas and condensate field primarily on Block O (45% operated working interest), offshore Equatorial Guinea. Aseng Project: Aseng is a crude oil development project on Block I (40% operated working interest), which includes five horizontal wells flowing to a floating production, storage, and offloading vessel (FPSO). It is capable of processing 120 MBbl/d of liquids, including 80 MBbl/d of oil, and reinjection of up to 160 MMcf/d of natural gas. The Aseng FPSO has storage capacity of approximately 1.6 MMBbls of liquids. Alba Field: The company has a 34% non-operated working interest in the Alba field, offshore Equatorial Guinea. Operations include the Alba field and related production and condensate storage facilities, a liquefied petroleum gas (LPG) processing plant where additional condensate is extracted along with LPGs, and a methanol plant capable of producing approximately 3,100 metric tons per day, gross. The LPG processing plant and the methanol plant are located on Bioko Island, Equatorial Guinea. The company sells its share of natural gas production from the Alba field to the LPG plant, the methanol plant, and an unaffiliated LNG plant. The LPG plant is owned by Alba Plant LLC (Alba Plant), in which the company has a 28% interest accounted for as an equity method investment. The methanol plant is owned by Atlantic Methanol Production Company, LLC (AMPCO), in which it has a 45% interest, also accounted for as an equity method investment. AMPCO purchases natural gas from the Alba field under a contract that runs through 2026 and markets

 

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NBL

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Valuation NBL Industry Range
Price/Earnings 30.6x
Price/Sales 5.3x
Price/Book 2.8x
Price/Cash Flow 10.1x
TEV/Sales 4.0x
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