Noble Energy, Inc. NBL today
announced that the Tamar natural gas field offshore Israel has been
successfully brought online with all five of the subsea wells now producing at
stable rates totaling approximately 300 million cubic feet per day (MMcf/d).
When combined with existing Mari-B volumes, the total current sales are nearly
500 MMcf/d and are expected to average 700 MMcf/d through the remainder of the
year. Initial sales commenced on March 31 as natural gas flowed from the field
to the Tamar platform and then to the Ashdod Onshore Terminal.
The development is designed to deliver natural gas rates up to 1 billion cubic
feet per day (Bcf/d). Volumes will likely reach this maximum capacity during
the peak summer demand in the third quarter this year.
Charles D. Davidson, Noble Energy's Chairman and CEO, commented, "In just over
four years from discovery, the Tamar project is fully operational and
delivering significant volumes of natural gas to Israel. The project is a
technological and commercial milestone for Noble Energy and our partners. This
is the third major global project we have brought online in the last 18 months
and it will make a significant contribution to our continuing production
growth. Building on this success, we are working with the government and our
partners to sanction the next phase of development at Tamar and the domestic
phase of Leviathan."
The gross resource estimate of Tamar has been increased to 10 trillion cubic
feet (Tcf), up from 9 Tcf, as a result of development drilling and continued
reservoir analysis and modeling. An independent assessment conducted by
Netherland, Sewell & Associates, Inc. supports the new resource estimate.
The Tamar development includes five subsea wells capable of flowing 250 MMcf/d
of natural gas each. Natural gas flows from the field through the longest
subsea tieback in the world for more than 90 miles to a platform near the
existing Mari-B structure. The Tamar platform is tied into the existing
pipeline that delivers natural gas to the Ashdod onshore receiving terminal.
Noble Energy operates Tamar with a 36 percent working interest. Other interest
owners are Isramco Negev 2 with 28.75 percent, Delek Drilling with 15.625
percent, Avner Oil Exploration with 15.625 percent and Dor Gas Exploration
with the remaining four percent.
The Company is also the operator of Mari-B with a 47.059 percent working
interest. Delek Drilling has a 25.5 percent interest, Avner Oil Exploration
holds 23 percent and Delek Investment has 4.441 percent.
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