Noble will invest the money in offshore gas field development projects in 2011.
In its financial report today for the fourth quarter of 2010, Noble Energy Inc. (NYSE: NBL) stated that it will invest $650 million in Israeli offshore gas field development projects in 2011.
Noble reported revenue of $783 million in the fourth quarter of 2010 compared with the analysts' consensus of $790 million.
Noble Energy owns 39.66% of the Leviathan field and 36% of the Tamar field as well as major holdings in the smaller Yam Tethys and Dalit fields.
Published by Globes, Israel business news - www.globes-online.com - on February 9, 2011
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