Regional LNG: Noble Energy, Daewoo evaluate FLNG project in offshore Israel

New York-listed Noble Energy Inc and its partners have entered into a Heads of Agreement (HOA) with South Korea?s Daewoo Shipbuilding & Marine Engineering Co. Ltd. and D&H Solutions AS to evaluate Floating LNG for the export of natural gas from the Tamar and Dalit fields in offshore Israel.

 

Noble Energy is the operator of the fields, with 36 percent working interest. Other interest owners are Isramco Negev 2 with 28.75 percent, Delek Drilling with 15.625 percent, Avner Oil Exploration with 15.625 percent and Dor Gas Exploration with the remaining four percent.

 

Under the HOA, the parties will engage in preliminary engineering design work to define the technical parameters required for the detailed design. This phase would be followed, if the parties so decide, by Front End Engineering Design (FEED) and negotiation of relevant offtake agreements.

 

Such agreements, if consummated, would not be expected to affect the planned supply capacity of the Tamar field to the Israeli market.

 

Noble Energy is a leading independent energy company engaged in worldwide oil and gas exploration and production. The company has core operations onshore in the U.S., primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West Africa. (romel)