Noble Energy is selling a 3% working interest in the Tamar field, offshore Israel, to the Harel Group and the Israel Infrastructure Fund (IIF) for $369 million

摘要

The deal is expected to close in the third quarter. Under the terms, the Harel Group and the IIF will have the option to purchase an additional 1% working interest at the same valuation before the agreement is finalized. Houston-based Noble Energy is carrying out an 11% sell-down of its 36% interest in the Tamar field in accordance with Israel’s approved Natural Gas Regulatory Framework. Noble Energy said it anticipates the sale of the remaining 7% to 8% working interest over the next 36 months.