Chevron Closes Tamar Gas Field Amid Disturbances in Israel

Written by Paulo Nogueira

Published on 14/05/2021 at 07:23

Updated on 14/05/2021 at 07:25

Fonte: Tamar Petroleum

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The Oil And Gas Giant Chevron Halts Production At Its Operated Tamar Field, Located Off The Coast Of Israel, Amid Increased Violence And Tensions In The Region.

In an email to Offshore Energy, a Chevron spokesperson confirmed that the company closed and depressurized the Tamar platform in accordance with instructions received from the country’s Ministry of Energy.

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According to a report from Reuters, Israel conducted hundreds of airstrikes in Gaza on Wednesday, and Palestinian militants fired several rockets at Tel Aviv and the southern city of Beersheba, in the most intense hostilities in the region in years.

The spokesperson stated: “We are closely monitoring the situation and focusing on the safe and reliable supply of natural gas for the benefit of the Israeli domestic market and our regional customers.”

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Chevron took over the Tamar and Leviathan gas fields following the acquisition of Noble Energy in October 2020.

The Leviathan field, Israel’s largest, began production in 2019. The gas is exported to Jordan and Egypt, as well as supplied to the local market.

Leviathan Platform; Source: Noble Energy

The spokesperson added: “We continue to supply customers from the Leviathan Production Platform and work with customers and relevant regulatory bodies to ensure that natural gas supplies continue safely and reliably.”

Recently, there have been reports that one of the partners in the Tamar field, Delek Drilling, is in negotiations to sell its stake in the field for up to US$ 1.1 billion.

It is worth noting that Delek Drilling signed a natural gas sector agreement with the Israeli government several years ago, which obligates it to sell all its stakes in the Tamar gas field by December 2021 because it also holds a 45.34 percent stake in the Leviathan gas field.

This agreement allows for competitive opening in the sector. The company has already sold part of its stakes to Tamar Petroleum and Everest.

Chevron Closes Tamar Gas Field Amid Disturbances in Israel

The Oil And Gas Giant Chevron Halts Production At Its Operated Tamar Field, Located Off The Coast Of Israel, Amid Increased Violence And Tensions In The Region.

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Chevron Closes Tamar Gas Field Amid Disturbances in Israel

The Oil And Gas Giant Chevron Halts Production At Its Operated Tamar Field, Located Off The Coast Of Israel, Amid Increased Violence And Tensions In The Region.

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