At a press conference today in Tel Aviv, Noble Energy chairman, president and CEO Charles Davidson said, "We love to drill, and that's what we know how to do best. We hope for more successes in addition to Tamar, and that we'll have in Israel the kind of success we've had elsewhere in the world."
Noble Energy Inc. (NYSE: NBL) owns 36% of the Tamar prospect, Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) owns 28.75%, Delek Group Ltd. (TASE: DLEKG) subsidiaries Delek Drilling LP (TASE: DEDR.L) and Avner Oil and Gas LP (TASE: AVNR.L) each own 15.625%, and Alon Israel Oil Company Ltd. subsidiary Dor Gas Exploration Ltd. owns 4%.
Delek Energy CEO Gideon Tadmor said, "We're meeting today after a success of great significance and a source of pride for Israel. This was history-changing event for the Israeli energy market."
Tadmor added, "Two years ago, when we looked for a partner for the Tamar-1 well, we chose Noble Energy, which was the best suited for the project. We always believed that the Israeli energy market should be based on natural gas. We and Noble Energy share the dream that Israel will become an important natural gas player in the Middle East. With the help of Noble Energy, we've turned this dream into a reality.
Delek Energy Systems Ltd. (TASE: DEOL) is the direct parent of Delek Drilling and Avner Oil.
Published by Globes [online], Israel business news - www.globes-online.com - on February 23, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009