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February 7, 2014
06:23 EDTWOPEY, NBLWoodside Petroleum enters MOU with Leviathan JV participants
Woodside (WOPEY) and the Leviathan Joint Venture participants, Noble Energy Mediterranean Ltd (NBL), Delek Drilling LP, Avner Oil Exploration LP and Ratio Oil Exploration LP, have agreed to convert a previous in- principle agreement for the potential acquisition of an interest in the Leviathan field into a non-binding Memorandum of Understanding. The MoU provides a framework to negotiate in good faith, the acquisition of a 25% participating interest in each of the 349/Rachel and 350/Amit petroleum licenses. The parties will negotiate towards executing a fully termed agreement by March 27. The Leviathan field is contained within the licenses, and based on information provided by the operator Noble Energy, has an estimated 2C contingent resource of 18.9 trillion cubic feet of natural gas and 34.1 million barrels of condensate.
News For WOPEY;NBL From The Last 14 Days
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February 1, 2016
07:42 EDTNBLNoble Energy believes it can develop Leviathan by 2019, Globes reports
Noble Energy Israel County Manager Bini Zomer said that his company thinks it can develop the Leviathan natural gas reservoir if a sufficient number of contracts are signed, despite the plunge in oil prices that have led to investment cuts, Globes reports. "There is no doubt that the global oil and gas industry is facing many challenges. Despite those challenges, Noble believes that the Leviathan project can move forward based on domestic and export opportunities and because of the positive climate created by the Natural Gas Framework," Zomer said. Reference Link
January 27, 2016
07:57 EDTNBLNoble Energy reiterated as a Top Pick at Cowen
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