NOBLE ENERGY PROVIDES STATEMENT ON REGULATORY FRAMEWORK IN ISRAEL | Noble Energy

September 3, 2015

NOBLE ENERGY PROVIDES STATEMENT ON REGULATORY FRAMEWORK IN ISRAEL

Houston, Sept. 3, 2015 (GLOBE NEWSWIRE) -- Noble Energy, Inc. ("Noble Energy") (NYSE: NBL) continues to work diligently with the government ofIsrael to address matters necessary to facilitate the development of its world class discoveries at Tamar and Leviathan and ensure a stable investment climate. David L. Stover, Noble Energy's Chairman, President and CEO, commented:

"Under the leadership of the Prime Minister and the Minister of Energy and Water Resources, a regulatory framework meeting these objectives has been overwhelmingly approved by the Israeli cabinet and yesterday was presented to the Knesset.  It is imperative that the government of Israel follow through on this approved framework without further delay. Noble Energy remains fully prepared, and is well positioned, to take the actions necessary to protect the value of its assets."

"Regional demand supports the further development of our world class Tamar and Leviathan fields.  Noble Energy continues its ongoing discussions with natural gas customers throughout the region, and yesterday the government of Egypt publicly reiterated its support for the import of gas from Israelfor both domestic and LNG export purposes. We are confident that the quality of our Israel assets, extensive appraisal and planning efforts, and proven track record of project execution and operating performance position us well to supply natural gas to the substantially underserved regional market."

Noble Energy (NYSE: NBL) is a global independent oil and natural gas exploration and production company, with proved reserves of 1.7 billion barrels of oil equivalent at year-end 2014 (pro forma for the Rosetta acquisition). The company's diverse resource base includes core positions in four premier unconventional U.S. onshore plays - the DJ Basin, Eagle Ford Shale, Delaware Basin, and Marcellus Shale - and offshore in the U.S. Gulf of Mexico, Eastern Mediterranean and West Africa. Driven by its purpose, Energizing the World, Bettering People's Lives®, the company is committed to safely and responsibly providing energy to the world while positively impacting the lives of our stakeholders. 

Source: http://investors.nobleenergyinc.com/releasedetail.cfm?ReleaseID=930193