Gas sales grow from deepwater Tamar field

Offshore staff

HOUSTONNoble Energy’s net gas sales volumes from its fields offshore Israel hit a new record of 313 MMcf/d during 3Q.

The higher volumes were due mainly to increased displacement of coal for natural gas in Israel’s power generation sector, growth from industrial customers, and strong seasonal weather demand.

Production from the Tamar field, which started up in 2013, reached a cumulative 1 tcf during the reporting period.

Noble expects to close an agreement to sell a 3% stake in Tamar for $369 million pre-tax later this month.

The company also continues to progress marketing of gas from the deepwater Leviathan field, having executed a contract to supply up to 350 MMcf/d, or 1 tcf, to NEPCO of Jordan for power production facilities over a 15-year period. Anticipated gross contract revenues are around $10 billion.

In the meantime, front-end engineering and design continues for the Leviathan production platform.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...