"Oil and Gas Investor" name Leviathan the best discovery of 2010, after giving Tamar the title in 2009.
"Oil and Gas Investor" has ranked the Leviathan natural gas discovery as the best discovery of the year for 2010. The honorees will be recognized at the magazine's 7th annual Excellence Awards on June 2. The Tamar discovery was named best discovery for 2009.
The Leviathan field is estimated to have 16 trillion cubic feet of natural gas, double the 8 trillion cubic feet of gas in the Tamar field.
Noble Energy Inc. (NYSE: NBL) owns3 9.66% of Leviathan, Delek Group Ltd. (TASE: DLEKG) units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) each own 22.67% and Ratio Oil Exploration (1992) LP (TASE:RATI.L) owns 15%. Noble Energy owns 36% of Tamar, Avner and trillion cubic feet each own 15.625%, Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) owns 28.7%, and Alon Natural Gas Exploration Ltd. (TASE: ALGS) owns 4%.
Published by Globes [online], Israel business news - www.globes-online.com - on May 19, 2011
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