Tanin and Karish Gas Fields Declared "Proven Discoveries"

Israel's Energy Petroleum Commissioner declared that offshore Tanin and Karish gas fields are proven discoveries, according to a Globes report.

This declaration was needed in order that Noble Energy and Delek be able to sell their holding in the fields to a third party. Selling the fields helps the two companies avoid being declared a cartel by Israel's Antitrust Authority.

Noble Energy and Delek are partners int eh Leviathan field.