Tamar Field
Offshore natural gas field in the Eastern Mediterranean, ~90 km west of Haifa. Discovered 2009, in production 2013. ~11 Tcf reserves. Principal supplier of Israeli domestic gas. Operated by Chevron; Mubadala Energy acquired Delek's 22% stake in 2023 for ~$1B.
The Tamar Field is an offshore natural gas field in the Eastern Mediterranean, located approximately 90 kilometers west of Haifa in Israel's economic waters. The field was discovered in 2009 by a Noble Energy–led consortium and entered production in 2013, becoming Israel's first major commercial offshore gas asset.
Tamar holds estimated proved reserves of roughly 11 trillion cubic feet (Tcf) and has been the principal supplier to the Israeli domestic gas grid since first production — providing approximately 60-70% of Israel's electricity-sector gas demand. Following Chevron's acquisition of Noble Energy in 2020, Chevron became the operator of Tamar.
In 2023, Mubadala Energy (Abu Dhabi sovereign-backed) acquired Delek Drilling's 22% non-operating working interest in Tamar for approximately $1 billion — a structural milestone for the Abraham Accords commercial architecture.
Related Olam Coverage
- Leviathan and Tamar: Israel's Gas Economy
- Energy Corridors: Tamar, Leviathan, and the Egypt-Jordan Gas Architecture
See also: Leviathan Field · NewMed Energy · Delek Group · EMG Pipeline · Take-or-Pay Gas Contract · Abraham Accords · Gulf-Israel Direct Investment