Partners in Tamar field offshore Israel announced the start of natural gas production from the field, informs Reuters.
The start of production marks a major milestone for Israel, and the country expects to become a gas exporter by the end of the decade.
The partners in the Tamar field are: Noble Energy (36 percent), Isramco Negev (28.75 percent), Avner Oil Exploration (15.625 percent), Delek Drilling (15.625 percent) and Dor Gas Exploration (4 percent).
According to Noble Energy Chairman and CEO, Charles Davidson, the company and the partners will now work with the government to sanction the next phase of development at Tamar.
Tamar, located 90 kilometres offshore Israel’s northern coast, has an estimated 10 trillion cubic feet of gas.
Partners invested $3 billion in the field development, and already inked a number of large gas supply deals.
Subsea World News Staff , April 01 , 2013