- Noble Energy's (NBL -1.2%) Israeli partners in developing the offshore Leviathan field are distancing themselves from NBL's comments about the estimated oil potential, saying the new estimates aren't in accordance with Israeli reporting regulations.
- NBL has increased its estimate to 1.5B barrels of oil in the field, with an additional 1.5B barrels in a nearby Cyprus field it also controls with Israeli partners.
- Tel Aviv Stock Exchange requirements about how energy companies can publish reserve estimates often are more stringent requirements than the SEC.
- Noble's Israeli partners include Delek Drilling (DKDRF) and Avner Oil (AVOGF).
Israeli firms distance themselves from Noble Energy's Leviathan estimates
Dec 18 2013, 11:49 ET