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Noble Talks 2018 Spending, Drilling Plans; Eyes 20% Growth in US Onshore Output

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Noble Talks 2018 Spending, Drilling Plans; Eyes 20% Growth in US Onshore Output

Noble Energy has detailed its 2018 capital program as well as its outlook through 2020.

2018 Plans

- 2018 Capex: $2.7-2.9 billion (up +14% from the midpoint of 2017)

By Area:

US Onshore: $1.8 billion at midpoint Eastern Mediterranean: $750 million Midstream Infrastructure: $165 million Exploration: $85 million

- 2018 Production: Sales volumes are expected to average between 343 and 353 MBoe/d

Full-year sales volumes, at the midpoint of the Company's expected range, are approximately 12 percent higher than 2017 U.S. onshore volumes are expected to increase more than 20 percent and U.S. onshore oil volumes are anticipated to be up nearly 30 percent with upstream capital investments essentially flat to 2017 levels.

- Rig Plan: Average nine operated onshore rigs (1.5 DJ Basin /…

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