Huge increase in activity in Israel over the coming year;

Eastern Mediterranean

Noble Energy has been operating in the Mediterranean Sea, offshore Israel, since 1998. We have a 47 percent interest in the Mari-B field, the first offshore natural gas production facility in Israel. Production from Mari-B began in 2004 and sales volumes have increased as Israel's power demand and pipeline infrastructure have expanded tremendously. Significant new exploration discoveries at Tamar, Dalit and Leviathan will help meet Israel's energy needs and drive new potential for natural gas in the future.

We have recently completed two additional development wells at Mari-B. Combined with additional compression work in 2011, these new wells will support near-term gas deliverability and serve as injection wells for storage in the future.

We have a 36 percent operated working interest at Tamar, with gross mean resources of 9 trillion cubic feet (Tcf) of natural gas. Tamar was the largest deepwater natural gas discovery in the world in 2009. Sanctioned in September 2010, initial expectations target commissioning in late 2012. Development drilling at Tamar is underway, and we are continuing discussion with a growing number of parties to deliver reliable and clean energy resources to customers.

Leviathan represents the largest exploration success in Noble Energy's history, with gross mean resources of 16 Tcf of natural gas. We are actively studying multiple export options, including both LNG and pipeline scenarios. We anticipate returning to appraisal drilling at Leviathan in mid 2011. Supported by 3D seismic acquisitions in 2009 and 2010, we have identified a number of additional prospects and leads on our significant acreage position offshore Israel and Cyprus, with plans to drill three to four exploration/appraisal wells in 2011.

U.S. Ambassador to Israel, Dan Shapiro, visits Noble Energy's contracted ship, the Solitaire

Noble Energy Israel Operations - Oil and Gas Investor magazine, November Edition