Reserves boost for Tamar gas

Noble Energy Mediterranean Ltd. has issued a resource upgrade for its Tamar gas discovery in the 309/Matan license area offshore Israel.

Aug 11th, 2009

Offshore staff

TEL AVIV -- Noble Energy Mediterranean Ltd. has issued a resource upgrade for its Tamar gas discovery in the 309/Matan license area offshore Israel.

According to partner Delek Energy, independent engineering consultants Netherland, Sewell and Associates have assessed gross mean resources in the field at around 7.3 tcf (207 bcm). Noble’s earlier assessment put the reserves at around 6.3 tcf (178 bcm).

Tamar’s recoverable natural gas will be classified as 2P (proved + probable) reserves of around 7.7 tcf, once the development program has been sanctioned. This 2P figure includes around 6 tcf (170 bcm) 1P (proved) reserves.

Percentage interests in the drilling are as follows:

Noble Energy Mediterranean 36.00%
Isramco Negev 2, Limited Partnership 28.75%
Delek Drilling, Limited Partnership 15.625%
Avner Oil & Gas Exploration, Limited Partnership 15.625%
Dor Gas Exploration, Limited Partnership 4.00%.

08/11/2009

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