Tamar pipeline construction begins

The two pipelines will run from the Tamar drilling platform west of Haifa to the existing Yam Tethys Mari B platform offshore from Ashkelon.

Germany's A.S.M. - Allseas Marine GmbH & Co. KG has begun laying the undersea natural gas pipeline from the Tamar field to the Israeli coast. The company is laying two 150-kilometer parallel 16-inch pipelines with a capacity of 12 billion cubic meters a year.

The pipelines will run from the Tamar drilling platform west of Haifa to the existing Yam Tethys Mari B platform offshore from Ashkelon. A second platform will be constructed at Yam Tethys by Louisiana-based Kiewit Corporation at a cost of $800 million.

Noble Energy Inc. (NYSE: NBL), a partner in both Tamar and Yam Tethys, reports that the total cost for developing the Tamar field will reach $3.06 billion.

Tamar's other partners are Delek Group Ltd. (TASE: DLEKG), which is also a partner in Yam Tethys, and Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L).

Published by Globes [online], Israel business news - www.globes-online.com - on October 5, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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