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.

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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 deal implies the sale of a 3% stake plus an option to acquire an additional 1%."

McDermott International has been awarded a $454m contract by Pemex to deliver engineering, procurement, construction and installation (EPCI) services for Abkatun-A2 platform.

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.

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The new platform will replace and extend capacities of the existing Ku-Maloob-Zaap, Cantarell and Ayatsil facilities.

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