According to bank documents, this package consists of an Israeli Project and a Jordanian Project.
The project in Israel is the development of the Leviathan gas field offshore Israel for the exploration and production of natural gas and condensate (the “Israel Project”). The Leviathan field is located in the Mediterranean Sea, in water depths of 1600 to 1750 meters, approximately 125 km off the coast of northern Israel, and is estimated to contain 21.9 trillion cubic feet (“tcf”) of natural gas and 39.4 million barrels of condensate. The natural gas from the Project will be produced from high-rate subsea wells through a subsea production system connected to a fixed platform facility for gas depressurization and treatment to be located in the TAMA 37H block offshore Israel approximately 10 km west of the the Dor area. Gas for sale and consumption within Israel will be transported from that fixed platform via a pipeline to the Israel Natural Gas Lines, Ltd. (“INGL”) onshore gas pipeline grid.
Gas for export sales in Jordan will also be transported via the INGL system, including looping of an existing 32 km pipeline from Tel Kashish to Alon Tavor and construction of a 26 km pipeline from Alon Tavor to the Jordanian border. The Project facilities have an initial module capacity of 1,200 million standard cubic feet (“mmscf”) per day. Gas sales to Jordan will be made through NBL Jordan Marketing Limited (“NBL”). NBL will be signing a 15-year gas sale and purchase agreement with National Electric Power Company (“NEPCO”), a Jordanian company wholly-owned by the Government of Jordan (GOJ”) (the “NEPCO GSPA”), with a contract quantity of 300,000 million British thermal units per day (mmbtu/day). NEPCO’s obligations under the NEPCO GSPA will be guaranteed by the GOJ (the NEPCO GSPA, the “Jordan Project”.)
Noble Energy Mediterranean Ltd.
Ackerstein Towers, Building D
12 Abba Eban Boulevard
Herzelia Pituach 46725