Noble Plans 50% Production Growth by 2020
According to its updated long-term outlook, Noble Energy is gearing up for significant production growth. The firm expects total volumes to reach 525 mboe/d and 625 mboe/d in 2020 and 2023 respectively (51% and 80% higher than the midpoint of 2018 guidance). This growth will be partly driven by ramping up operations in the U.S. onshore segment, particularly in the Delaware Basin, where the firm expects a 75% CAGR through 2020. But Leviathan will trigger a step-change as well, when it comes on li...
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