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Noble Energy

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April 29, 2013

Noble Energy Announces Organizational And Executive Leadership Changes In Support Of Multi-Year Growth Agenda
HOUSTON, April 29, 2013 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced that it has enhanced its organizational structure to support the material growth it is anticipating over the next several years, as well as to continue the development of its senior leadership team. The new organizational structure has been designed to better align business units with common activities by taking advantage of natural synergies and to better balance responsibilities to facilitate growth. The new structure includes three major operating regions: U.S. Onshore; Eastern Mediterranean; and U.S. Gulf of Mexico (GOM), Africa and Frontier. Included in the U.S. Onshore region will be the Company's rapidly growing unconventional horizontal developments in the Marcellus Shale and DJ Basin, which should help facilitate the rapid transfer of best practices and learnings between these areas. The Eastern Mediterranean has become a very material region on its own requiring focused senior leadership as a result of Tamar recently coming on stream and several future projects being planned for offshore Israel and Cyprus. The combined U.S. GOM, Africa and Frontier region allows the Company to focus on its very material deepwater operations while preparing for the impacts of exploration success in the new areas it will be testing. Other significant changes include the creation of a Global Operations Services organization and a Corporate Development group. In addition, two senior advisory positions to the CEO and COO have been established to work with the new leadership teams to ensure performance remains best in class, to provide continuity of partner and government relations and to ensure execution of key strategic initiatives. Charles D. Davidson, Noble

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