The finalised deal, which is expected to be unveiled lateron Thursday, would hand the Australian liquefied natural gas specialist a 25%stake in the giant discovery off Israel for a reported pricetag of between$2.55 billion and $2.7 billion.
US independent Noble Energy operates the giant discoverywith a trio of domestic partners, Delek Drilling, Avner Oil & Gas and RatioOil Exploration.
Woodside Petroleum announced last month it had signed a non-binding memorandum of understanding on the farmout inwhich it would handle the LNG development while Noble Energy remains as operator,with all current parties contributing to the 25% sold.
