Noble Energy: Drilling Begins At Tamar Offshore Gas Field
11 Aprile 2011 - 11:05AM
Dow Jones News
Noble Energy Inc. (NBL) and its local partners said Monday that
drilling has begun in the Tamar natural gas field offshore
Israel.
The drilling, which will be done in three stages, is expected to
take about one year and Tamar is expected to start producing
natural gas by the end of 2012, the companies said,
The field is estimated to contain up to 9 trillion cubic feet of
natural gas.
Noble Energy owns 36% of Tamar; Delek Group Ltd. (DLEKG.TV)
subsidiaries Avner Oil and Gas Exploration Ltd. Partnership
(AVNR.L.TV) and Delek Drilling Ltd. Partnership (DEDR.L.TV) each
own 15.6%; and Isramco Negev 2 Ltd. Partnership (ISRA.L.TV) owns
28.7%.
At 0820 GMT, shares of Delek Group were up 11.30 shekels
($3.27), or 1.23%, at ILS927.80; shares of Avner were up ILS0.02,
or 1.02%. at ILS2.48; shares of Delek Drilling were up ILS0.18, or
1.31%, at ILS13.97; and shares of Isramco were up ILS0.90, or
2.02%, at ILS45.40, in a higher Tel Aviv market.
-By Sara Toth Stub, Contributing to Dow Jones Newswires,
saratoth@gmail.com
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