US firm Noble Energy on 3 October completed the $170mn sale of its 43.5% stake in Tamar Petroleum, a special investment vehicle set up by its Israeli partner Delek, which in turn owned 16.75% of the 10tcf Tamar field. The buyers are public institutions and pension funds.
Noble has now complied with a 2016 gas outline ruling that followed a 2015 antitrust case, farming down its interests in the Tamar gas field to 25% and selling off the Karish and Tanin fields to Greek firm Energean for $148mn and royalties (MEES, 19 August 2016). (CONTINUED - 199 WORDS)
