Saturday evening Noble Energy began first flow from gas wells of the 8 Tcf Tamar gas field in the Levant Basin, offshore Israel. It is estimated the gas hit the sales meters thirty hours later. Among the notable achievements of the $3.2 billion project are 1) world-class execution - first production in just a little over four years after discovery and two and a half years after sanctioning, 2) the world's longest subsea tieback of 93 miles, 3) the expansion of a world class natural gas basin and 4) a path to energy independence for Israel.
Charles Davidson, Noble Chairman and CEO stated "I congratulate the people of Israel on this transformational achievement, which significantly moves them toward energy independence and away from reliance on imports...The Tamar project is also a technological and commercial milestone for Noble Energy and our partners."
According to Israeli Prime Minister Benjamin Netantyahu, "We are taking an important step toward energy independence. In the past decade we have promoted Israel's gas sector and this will enhance Israel's economy and benefit all the country's citizens."
Tamar's first production is just the latest commercial achievement by Noble Energy, which has been operating in Israel for over a decade. Tamar was the world's largest conventional natural gas field discovery in 2009 and the result of a dedicated scientific effort by Noble's team to map the Levant Basin. Concurrently, Noble increased its leasehold position from 600,000 gross acres to 3,000,000 gross acres.
Tamar capacity is designed for delivery onshore of 985 MMcfpd with future expansion of up to 1.6 Bcfpd. Noble is also evaluating a future floating LNG facility for Tamar gas.
Partners in the Tamar gas field include operator Noble Energy (36%), Isramco Negev (28.75%), Delek Drilling (15.625%), Avner Oil Exploration (15.625%) and Dor Gas Exploration (4%).