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Noble Energy restructuring to support expected growth

Keywords: Tags  Noble Energy, natural gas, Tamar field, restructuring, Thorsten Schier

NEW YORK — Noble Energy Inc. is restructuring its operations "to support the material growth it is anticipating over the next several years," the company said.

The Houston-based natural gas producer is splitting its operations into three segments: U.S. Onshore; Eastern Mediterranean; and U.S. Gulf of Mexico (GOM), Africa and Frontier.

The U.S. Onshore segment will include Noble’s unconventional horizontal developments in the Marcellus Shale and Denver-Julesburg Basin, it said.

The Eastern Mediterranean segment will focus on Noble’s recently launched Tamar field and future developments off the coasts of Israel and Cyprus, while the U.S. Gulf of Mexico (GOM), Africa and Frontier segment will include the company’s deepwater operations and new exploration areas, the company said.

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