January 29, 2018 / 9:51 PM / 10 months ago

Noble Energy to sell part of its stake in Israel's Tamar field

Jan 29 (Reuters) - Oil and gas producer Noble Energy Inc said on Monday it would sell a 7.5 percent stake in the Tamar field, offshore Israel, to Tamar Petroleum Ltd in a cash-and-stock deal valued at about $800 million.

Under the deal, Noble will receive $560 million in cash and 38.5 million shares of Tamar Petroleum. (Reporting by John Benny in Bengaluru; Editing by Anil D'Silva)

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