IEC to Take More Tamar Gas

Source: www.gulfoilandgas.com 5/10/2015, Location: Middle East

Delek Group announces Report just filed by each of the Partnerships, Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership (jointly "the Partnerships") concerning the signature by the Tamar Partners including the Partnerships with the Israel Electric Corporation on the documents required for the partial exercise of the option to increase the amounts of gas the Israel Electric Corporation will require for the period from 2010 to the end of the agreement period:

Pursuant to what was stated in section 7.13.4 (d) of the Partnership's Periodic Report to December 31, 2014 that was published on March 18, 2015 (ref. no. 2015-01-054505) concerning the agreement of the Partners in the Tamar project including the Partnerships' (the Tamar Partners) and the Israel Electric Corporation Ltd (Israel Electric Corporation and the Agreement respectively), and to what was stated in the Immediate Reports of the Partnership dated April 14, 2015 (ref. no. 2015-01-077833) and of April 19, 2015 (ref. no. 2015-01-001281), it is hereby announced that on May 7, 2015 the Tamar Partners signed with the Israel Electric Corporation on the documents required for the partial exercise of the option to increase the amounts of gas the Israel Electric Corporation will require for the period from 2020 to the end of the Agreement period.

Partners in the Tamar Project and their percentage holdings are as follows:
Noble Energy Mediterranean Ltd. 36.00%
Isramco Negev 2 Limited Partnership 28.75%
Avner Oil Exploration - Limited Partnership 15.625%
Delek Drilling Limited Partnership 15.625%
Dor Gas Exploration - Limited Partnership 4.00%


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Related Categories: Coal  Electricity  General  Natural Gas  Oil 

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