Noble Energy, an oil and gas exploration and production company, will develop the Tamar natural gas project offshore Israel.
Discovered in 2009, the Tamar project has total recoverable resources estimated at 8.4 trillion cubic feet of natural gas.
Initial development of the project will include five subsea wells capable of flowing 200 to 250 million cubic feet per day (mmcf/d) of natural gas each.
Production will be gathered at the field and delivered via two 16-inch flowlines to a new platform, which will be constructed adjacent to the existing Mari-B structure.
The Tamar platform will tie into the existing 30-inch pipeline that delivers natural gas to the Ashdod onshore receiving terminal, with an initial processing capacity up to one billion cubic feet of natural gas per day.
The project design and connectivity to Mari-B will also provide for gas injection and withdrawal in the Mari-B reservoir.
Gross capital cost for Tamar is estimated at $3bn ($1.1bn net to Noble Energy), and development drilling is scheduled to commence by early 2011.