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September 24, 2014 / 29 Elul, 5774
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Tanin and Karish Gas Fields Declared “Proven Discoveries”

Israel's offshore drilling sites and gas finds.

Israel's offshore drilling sites and gas finds.
Photo Credit: Courtesy: Noble Energy

Israel’s Energy Petroleum Commissioner declared that offshore Tanin and Karish gas fields are proven discoveries, according to a Globes report.

This declaration was needed in order that Noble Energy and Delek be able to sell their holding in the fields to a third party. Selling the fields helps the two companies avoid being declared a cartel by Israel’s Antitrust Authority.

Noble Energy and Delek are partners int eh Leviathan field.

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