Fieldwood acquires Noble Energy’s deep-water GoM assets

Fieldwood Energy LLC has acquired all of Noble Energy Inc’s deep-water oil and gas assets in the Gulf of Mexico.

The acquisition was a key component of Fieldwood’s restructuring and recapitalisation plan, which was recently confirmed by the Bankruptcy Court for the Southern District of Texas.

CEO Matt McCarroll said: “This acquisition adds quality producing assets to our existing portfolio, provides us with numerous deep-water drilling opportunities and enhances our position as one of the largest operators in the Gulf of Mexico.

“With a strengthened balance sheet, substantially more cash flow and the new, talented deep-water operating team, we are well positioned to capitalise on future opportunities while executing our safe and efficient operations strategy to create long-term value.”

Source: Offshore Magazine