LogIn LogOut

Report: Delek in Talks to Sell Stake in Tamar Offshore Gas Field for $1.1B

April 6, 2021

Tamar (File Photo: Noble Energy)
Tamar (File Photo: Noble Energy)

Israel’s Delek Drilling is in talks to sell its stake in the offshore natural gas field for up to $1.1 billion, financial news website Calcalist reported on Monday.

Delek owns a 22% stake in Tamar, one of Israel’s main energy sources, which it is required to sell by the end of the year under a government framework to open the sector to competition. 

The company holds a stake of about 45% of the nearby Leviathan gas field, which is larger than Tamar.

Delek Drilling, a subsidiary of Delek Group, declined to comment on the report.

Calcalist, which did not disclose its sources, said the advanced negotiations are being held with an unnamed British company.

(Reporting by Ari Rabinovitch; Editing by Steven Scheer)

Current News

Eni Behind the Acquisition of KrisEnergy's Vietnam Block

Eni Behind the Acquisition of KrisEnergy's Vietnam Block

Derazona Orders Airbus' H160 Helicopter for Oil and Gas Sector in Indonesia

Derazona Orders Airbus' H160 Helicopter for Oil and Gas Sector in Indonesia

Shearwater Wins 3D Seismic Survey Gig Offshore Vietnam

Shearwater Wins 3D Seismic Survey Gig Offshore Vietnam

Boskalis Serves MMHE with Arbitration Notice, Seeking $12M for Bokor Project Delays

Boskalis Serves MMHE with Arbitration Notice, Seeking $12M for Bokor Project Delays

Emperor Energy Buys Judith Field Seismic Data. Gets More Time to Find Drilling Partner

Emperor Energy Buys Judith Field Seismic Data. Gets More Time to Find Drilling Partner

China: CNOOC Searching for Three Missing After Fire on Offshore Platform Doused

China: CNOOC Searching for Three Missing After Fire on Offshore Platform Doused

Velesto Secures 7-well Drilling Deal with Shell in Malaysia

Velesto Secures 7-well Drilling Deal with Shell in Malaysia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com