Noble Energy Inc. has agreed to sell its deepwater U.S. Gulf of Mexico assets to Fieldwood Energy LLC for USD 710 million. This deal gives Fieldwood a position in the deepwater Gulf of Mexico. The companyâs current holdings are primarily found on the shallow water (<400 m) shelf areas of the Gulf. Under the terms of the deal, which is expected to close during the Q2 2018, Noble will receive cash proceeds of USD 480 million from Fieldwood who will also assume Nobleâs USD 230 million abandonment obligations associated with the sold assets. A cumulative contingent sum of up to USD 100 million is payable to Noble upon closing the transaction, which has an effective date of 1 January 2018. As part of the 15 February 2018 press release, David L. Stover, Noble Energy's Chairman, President and CEO, remarked, "The sale of our Gulf of Mexico business represents the last major step in our portfolio transformation. This has been done to focus our go-forward efforts on those assets that will rapidly grow our cash flows and margins, primarily the U.S. onshore business and the Eastern Mediterranean.â He added, âGoing forward, we are concentrating the Company's exploration capabilities on higher-impact opportunities that can drive substantial long-term value creation." According to the release, the divestment includes Nobleâs interest in six producing fields and all undeveloped leases. Below are two tables, one listing Nobleâs 10 producing properties and two discoveries while the other compiles the 60 valid leases in the deepwater Gulf of Mexico in which Noble holds a working interest either as the operator or as a participant. Half of these leases are found in the Mississippi Canyon area. Noble groups some of their producing properties under collective field area names such as Galapagos for three Mississippi Canyon fields. Noble DWGOM Assets Â  Â  Â  Field Area/Block Operator Status W.I. (%) Katmai GC-40 Noble Discovery 50 Ticonderoga GC-768 Anadarko Producing 50 Santa Cruz* MC-519 Noble Producing 23 Santiago* MC-519 Noble Producing 23 Isabela* MC-562 BP Producing 33 Big Bend MC-698 Noble Producing 54 Troubadour MC-699 Noble Discovery 60 Dantzler MC-782 Noble Producing 45 Gunflint MC-948 Noble Producing 31 Neptune/Thor VK-826 Noble Shut-in 100 VK-917 VK-917 Noble Producing 85 Swordfish VK-962 Noble Producing 85 * Galapagos complex Source: IHS Markit Â© 2018 IHS Markit Â  Noble DWGOM Leases Â  Â  Lease Area/Block Lease Area/Block G32586 AT 450 Â  G31485 MC 294 G32587 AT 451 G34434 MC 297 G35024 AT 845 G31490 MC 338 G35025 AT 846 G32316 MC 339 G33873 AT 847 G35825 MC 474 G33874 AT 848 G35828 MC 518 G35364 DC 661 G27278 MC 519 G34878 EW 1009 G19966 MC 562 G34879 EW 1010 G28021 MC 697 G34880 EW 1011 G28022 MC 698 G34966 GC 39 G33169 MC 699 G34536 GC 40 G33753 MC 700 G34537 GC 41 G35344 MC 701 G32484 GC 245 G33755 MC 738 G21811 GC 679 G32343 MC 742 G21817 GC 768 G33757 MC 782 G33260 GC 774 G33758 MC 788 G35488 HE 96 G32347 MC 789 G35489 HE 278 G33759 MC 832 G35490 HE 0279 G32351 MC 833 G35476 LL 896 G33182 MC 904 G35477 LL 897 G28030 MC 948 G35478 LL 898 G32363 MC 949 G35479 LL 940 G24133 MC 992 G35480 LL 941 G24134 MC 993 G35311 MC 80 G06888 VK 826 G34425 MC 123 G33133 VK 873 G34427 MC 163 G15441 VK 917 G34428 MC 171 G15445 VK 962 G34429 MC 172 G32664 WR 113 Source: IHS Markit Â©   2018 IHS Markit Â 
United States (Sigsbee Sub-basin (DWGoM B.)) Ticonderoga