Noble Energy (NBL)
Posted: Thu Feb 23, 2017 10:31 pm
Noble Energy (ticker: NBL) announced today that it has sanctioned the initial development of the Leviathan natural gas project in offshore Israel. This will be Noble’s third major natural gas development in the area.
The Leviathan field lies offshore northwest Israel, under the Mediterranean sea. Noble began operating in the area in 1998, discovering both the Leviathan and the nearby Tamar fields. These two gas fields are among the most significant resources in the area, with combined gas recoverable gas resource of 32 Tcf. The fields are very similar, geologically speaking, with both targeting the Tamar Sands formation.
Read: http://www.oilandgas360.com/noble-sanct ... velopment/
There is no value for this HUGE project in my valuation of NBL, because I just use operating cash flows through 2018 to value it.
The Leviathan field lies offshore northwest Israel, under the Mediterranean sea. Noble began operating in the area in 1998, discovering both the Leviathan and the nearby Tamar fields. These two gas fields are among the most significant resources in the area, with combined gas recoverable gas resource of 32 Tcf. The fields are very similar, geologically speaking, with both targeting the Tamar Sands formation.
Read: http://www.oilandgas360.com/noble-sanct ... velopment/
There is no value for this HUGE project in my valuation of NBL, because I just use operating cash flows through 2018 to value it.