Noble Says Tamar Producing 300 Mmcf, Boosts Estimate

Noble Energy Inc. 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, Delek Drilling LP, Avner Oil Exploration LLP and Dor Gas Exploration, Noble said.