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Delek Drilling sells its interest in Tamar to Mubadala

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08 September 2021

Delek Drilling sells its interest in Tamar to Mubadala

Report summary

Mubadala Investment Company (Mubadala) has made a binding offer to acquire Delek Drilling's stake in the Tamar and Dalit licences offshore Israel. The base consideration is US$1.025 billion, in cash, with an effective date of 1 August 2021. The deal is centred on Tamar. The giant gas field came onstream in 2013 and production averaged in excess of 900 mmcfd over the past five years. Chevron took over operatorship in 2020 following its acquisition of Noble Energy. Tamar gas is mainly sold on the domestic market, with volumes also exported to Jordan and Egypt.

Table of contents

Tables and charts

This report includes 8 images and tables including:

  • Executive summary: Table 1
  • Tamar and Dalit
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Delek Drilling sells its interest in Tamar to Mubadala

    PDF 2.36 MB