Under the deal, Noble will grant Delek the right to sell half of Noble's 47% interests in the Karish and Tanin fields. Noble will recieve a total of $67 million in payment. The deal was agreed last week.
Delek will reportedly have 14 months to sell Karish and Tanin to a new group. Delek "emphasised" in a release that there are "no additional significant investments expected" for the licenses that contain the fields - 364/Alon A and 366/Alon C - until the sale of the interests to a third party.
Noble's
