Deal insight
Israeli funds acquire 3% in Tamar gas field from Noble for US$369 million
From
$1,650.00
Report summary
The Harel Group and Israel Infrastructure Fund have agreed to acquire a 3% stake in the Tamar gas field offshore Israel from Noble Energy. The deal signals the start of Noble Energy's disposal of 11% of Tamar as required under the Gas Outline Agreement. The deal was done under a significant premium according to our base case valuation reflecting in part the high quality nature of Tamar and a likely lower discount rate. The deal provides an attractive low risk return to the buyers.
What's included
This report contains
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
Tables
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
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