Seeking Alpha

Israel's Tamar field signs second domestic gas supply deal this week

  • Partners in Israel's offshore Tamar natural gas field sign their second domestic supply deal this week; the two deals this week will supply ~7.8B cubic meters of gas over 15 years, likely worth $1.75B.
  • Major stakeholders in Tamar include Noble Energy (NBL), which controls 36%; Delek Drilling (DKDRF), a Delek Group subsidiary (DGRLY), which holds 15.6%; and Avner Oil and Gas (AVOGF), another Delek Group subsidiary, also with 15.6%.
  • The Tamar field, estimated to contain ~9T cubic feet of gas, began production in March and has signed supply deals with several Israeli corporations.
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Comments (1)
  • kufkuf
    , contributor
    Comments (4) | Send Message
     
    NBL indeed seems like a great investment
    12 Mar 2014, 01:05 PM Reply Like
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