The Tamar partners awarded Dolphinus Holdings a US$1.2 billion contract to export natural gas from the Tamar project to Egypt.
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Tamar field. From Delek. |
For the first three years of the seven-year contract, at least 5 Bcm of gas will be delivered, subject to the daily limit of up to 250 MMBtu/d.
According to the Delek Group, Dolphinus will be responsible for transporting the gas from Ashkelon to Egypt via the existing gas pipeline, EMG pipeline, operated by the East Mediterranean Gas Co.
Partners in the Tamar project include Noble Energy (36%), Isramco Negev 2 (28.75%), Avner Oil Exploration (15.625%), Delek Drilling (15.625%), and Dor Gas Exploration (4%).
Last month, Noble announced in its 4Q and full year 2014 earnings call that it suspended its investments in the Tamar expansion and initial development of Leviathan, until regulatory issues are resolved with Israel.
Noble CEO David Stover said on the call that Tamar continues to perform exceptionally well, both from the reservoir and facilities standpoint, and has resulted in recent record production days in excess of 1 Bcf of natural gas and gross sales.
Read more:
Noble suspends Israel investments, expansion
