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Woodside CEO ‘Confident’ $696 Million Leviathan Deal to Close

Woodside Petroleum Ltd. (WPL) Chief Executive Officer Peter J. Coleman said he’s “confident” of closing the $696 million purchase of a stake in Israel’s largest natural gas field from Noble Energy Inc. (NBL)

The Leviathan natural gas project purchase doesn’t appear to violate Israeli law, Coleman said today in a press conference at IHS CERAWeek in Houston. Woodside agreed to buy a 30 percent stake in the project from Noble in December.

Noble partner Delek Group Ltd. (DLEKG) fell the most in more than nine months today on investor concern the nation’s antitrust regulator may declare the partners in Leviathan a cartel.

To contact the reporter on this story: Jim Polson in Houston at jpolson@bloomberg.net

To contact the editor responsible for this story: Susan Warren at susanwarren@bloomberg.net

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