Harel Insurance Investments and Financial Services Ltd plans to acquire up to 4% interest in Tamar gasfield from Noble Energy, Inc.
Estimated to be valued between $350m and $450m, the deal implies the sale of a 3% stake plus an option to acquire an additional 1% in the field.
The Tamar natural gasfield is operated by Noble Energy (36%) along with its partners Delek Drilling Limited Partnership (15.625%), Avner Oil Exploration (15.625%), Isramco Negev (28.75%), and Dor Gas Exploration Ltd (4%).
The contract’s scope contract covers provision of a vertically integrated EPCI solution to construct and commission the platform and related structures in Mexico’s Bay of Campeche.
The new platform will replace and extend capacities of the existing Ku-Maloob-Zaap, Cantarell and Ayatsil facilities.