Italy's Edison In Talks To Buy Two Israeli Gas Fields
LONDON, March 6 (Reuters) - Edison, the Italian utility owned by EDF, is in talks to buy two Israeli gas fields from U.S. explorer Noble Energy and Israel's Delek Drilling, which are estimated to hold up to 70 billion cubic metres in total, two sources with knowledge of the talks said.
The Israeli and U.S. companies developing the massive Leviathan natural gas field offIsrael's coast have to sell their stake in two smaller fields to avoid being branded a cartel by the anti-trust authority.
Edison is in talks to buy the Tanin and Karish fields offshore Israel, the sources said.
Edison was not immediately available for a comment.
"The fields are between 50 and 70 Bcm together, but a survey has to be concluded first to understand the exact size of the resource," one of the sources said.
Noble Energy and partner Delek Drilling have jointly discovered deposits of 29 trillion cubic feet offshore Israel since 2009.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Louisiana LNG Project Gains European Customer (Sep 27)
- Sources: Total-Led Consortium Bids for Greek Offshore Gas Drilling Block (Feb 05)
- Edison Looks to Sell Part of Egypt's Abu Qir Field (Jan 14)
Company: Noble Energy more info
- Gulfport Names Noble Energy Executive As Operations Chief (Jan 03)
- US Shale Producers Promise both Higher Output and Returns (Nov 03)
- Fault at Israel's Tamar Gas Field Prompts Use of Dirtier Fuels (Sep 22)
Company: Delek Drilling more info
- Leviathan Partners Approve Natgas Production Target For Late 2019 (Dec 12)
- Israel Approves Energean Purchase of Karish, Tanin Fields (Dec 07)
- Delek Drilling and Avner Agree to Sell Israeli Fields to Energean (Aug 17)