Partners in Leviathan Gas Field Looking to Sell Stake

Noble Energy and Israeli partners Delek Drilling and Avner Oil & Gas Exploration, partners in the huge Leviathan natural gas field off the coast of Israel are considering selling up to 30 percent in the gas field.

The partners, who are seeking strategic partners to help finance the continued development of the gas field, are studying the offers and looking into starting negotiations, The Times of Israel reported.

The field contains 17 trillion cubic feet of natural gas. Its discovery in 2010 was one of the world’s biggest offshore discoveries in a decade.

Noble Energy has a 39.66% share in the Leviathan gas field. Israel’s Delek Group has a 45.34% stake. Ratio Oil Exploration holds the remaining 15%.