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.

Full Story at FuelFix

National Ocean Industries Association
1120 G Street, NW • Suite 900
Washington, DC 20005

Phone: 202.347.6900 | Email: