Noble Says Tamar Producing 300 Mmcf, Boosts Estimate

(Corrects measurement in headline and company name in first paragraph.)

Noble Energy Inc. (NBL) said the Tamar natural gas field off the coast of Israel is producing about 300 million cubic feet a day. It boosted the gross resource estimate of Tamar to 10 trillion cubic feet.

The development is designed to deliver up to 1 billion cubic feet a day, a volume Noble expects to reach during the third quarter, the company said in a statement today.

Noble operates Tamar with a 36 percent working interest. Other owners include Isramco Negev 2 LP (ISRAL), Delek Drilling LP, Avner Oil Exploration LLP (AVNRL) and Dor Gas Exploration, Noble said.

To contact the reporter on this story: Tina Davis in New York at tinadavis@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

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