Noble’s main non-US operations are in the Eastern Mediterranean, where it has recently farmed-down its stake in Cyprus’ 4.2tcf Aphrodite and sold the 3 tcf Israeli Karish and Tanin fields to its main Israeli partner Delek, all for $238mn.

But the cash-strapped US firm is eyeing reducing its stake in Israel’s only currently producing field, the 10 tcf Tamar, as well as the giant 22 tcf Leviathan as it looks to fund its share of the $5-6bn needed to develop the latter field (MEES, 15 April). (CONTINUED - 684 WORDS)