Noble updates Israel field discussions

Offshore staff

HOUSTON – Noble Energy (NYSE: NBL) continues to work with Israel’s government to progress development of its deepwater discoveries and to ensure a stable investment climate, according to Chairman David L. Stover.

“Under the leadership of the Prime Minister and the Minister of Energy and Water Resources,” Stover said, “a regulatory framework meeting these objectives has been overwhelmingly approved by the Israeli cabinet and yesterday was presented to the Knesset.

“It is imperative that the government of Israel follow through on this approved framework without further delay. Noble Energy remains fully prepared, and is well positioned, to take the actions necessary to protect the value of its assets.

“Regional demand supports the further development of our world class Tamar and Leviathan fields. Noble Energy continues its ongoing discussions with natural gas customers throughout the region, and yesterday the government of Egypt publicly reiterated its support for the import of gas from Israel for both domestic and LNG export purposes.”



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