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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Noble Sells 7.5% Stake in Tamar Field Offshore Israel

Tamar Petroleum Noble Energy, Inc.
AnnouncedJan 29, 2018
TypeWorking Interest
Announced Date
January 29,2018
Effective Date
January 01,2018
Close Date
March 14,2018
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
800




Snapshot
Asset/Basin:
{"Levant Basin"}
Proved Reserves

Location
Region
Middle East

Country
Israel

Production & Reserves
Production

Reserves


Transaction Details:  Subscribe to see

Noble Energy has agreed to sell a 7.5% working interest in the Tamar Field (offshore Israel) to Tamar Petroleum in a cash and stock deal worth ~$800 million ($560 million in cash / 38.5 shares of Tamar Petroleum).

This deal closed on March 14, 2018.

Noble Energy operates the Tamar field with a 32.5 percent working interest. Following closing of the transaction, the Company will retain a 25 percent working interest and will remain the operator.

The divested working interest represents approximately 62 million cubic feet equivalent per day of 2017 production and proved reserves of…

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