Eastern Mediterranean

Our significant world-class discoveries in the Eastern Mediterranean provide an exceptional opportunity to deliver energy security and economic development for Israel and Cyprus. And – through exports – to the region.

Noble Energy was the first operator to discover natural gas resources offshore both Israel and Cyprus. Since we began operating in the Eastern Mediterranean region in 1998, we drilled 11 successful exploration and appraisal wells and discovered more than 40 Tcf of natural gas resources in the Levant Basin.

We also successfully and efficiently moved from discovery to execution of large-scale projects. Just four years after discovery, we delivered the first supply of domestic natural gas to Israel from the Mari-B field in 2004. Just 2.5 years from sanction, we brought the 10 Tcf Tamar field online in 2013.

Natural gas sales in Israel set a record in August 2015 as the Tamar platform averaged more than 1 billion cubic feet of natural gas per day, gross, for the month. With nearly 100 percent uptime, our Tamar platform is providing a clean, reliable source of fuel to generate more than half of Israel's electricity. With the Natural Gas Framework in place and our proven track record of project execution, the 22 Tcf Leviathan field and Tamar expansion are well-positioned to meet the growing natural gas demand of the underserved regional market.

We also filed a preliminary field Development Plan for the Aphrodite field located in Block 12 offshore Cyprus. We are working with the government and our partners to finalize this plan to safely and responsibly develop these natural gas resources.

BG is acquiring a 35 percent interest in Block 12. They bring substantial technical, financial and marketing capacity to the partnership. Their longstanding presence and experience in the region are great complements to our own, and we are confident our combined strengths will enhance the value of Block 12. 

Learn about the benefits our natural gas discoveries provide to Israel here.

For the latest Eastern Mediterranean news, see the most recent presentation on the Investor Events page.