Harel Insurance Investments and Financial Services and Israel Infrastructure Fund (IIF) have signed an agreement to acquire a 3% interest in Tamar gas field, from Noble Energy.
The $369m deak agreement provides Harel and IIF an option to buy an additional 1% working interest from Noble Energy at the same valuation.
The Tamar natural gas field is located in the Levantine Basin, off the coast of Israel’s Mediterranean Sea. The field is estimated to hold recoverable gross mean natural gas resources of ten trillion cubic feet (tcf).
Scheduled for completion in the third quarter of this year, the transaction will enable Harel and IIF to extend their investment portfolio.
Rouge Rock has signed an option agreement with MEO Australia to acquire a 45% stake in AC/P50 and AC/P51 exploration permits in Vulcan sub-basin, off the North West coast of Australia.
The exploration permits extend across a 583km² area in Ramble On and Jur’maker prospects, which are currently owned by MEO.
Upon completion of the deal, MEO and Rouge Rock’s interests in the permits will be 55% and 45%, respectively.
The transaction will allow Rouge Rock to concentrate its capital on low-cost onshore projects.
Petroleo Brasileiro (Petrobras) plans to dispose nine offshore oil and gas fields off the coast of Brazil.
The sale forms part of Petrobras’ divestment scheme and covers Caioba, Camorim, Dourado, Guaricema e Tatui fields in Sergipe Basin as well as Curima, Espada, and Atum e Xareu fields in Ceara Basin.
The average annual production from the fields was 13,000boed last year.