Delek and its partners discovered Tamar in 2009 and
began producing gas from the field in 2013.
It is Israel's
second biggest gas reserve behind Leviathan, in which Delek also has a major stake.
It is Israel's second-biggest gas reserve behind Leviathan, in which Delek also has a major stake.
CEO Yossi Abu said Delek Drilling is now focusing abroad, including the
Euronext market, since the local market is already saturated for Tamar.
Delek Group said in a separate statement it will
finance the acquisition through non-recourse loans from international banks against the asset, along with its own funds.
Israeli company Delek Drilling has announced it will supply
Egypt with $15bn worth of natural gas in the biggest export deal to date for Israel's natural gas industry.
In an effort to open the energy market to competition,
the Israeli government is forcing Delek, which is a unit of conglomerate Delek Group,
to sell its share in Tamar.
Shell had previously
agreed to sell the Caesar Tonga assets to Delek Group, also for $965 million,
but the deal was conditional upon other interest-holders agreeing not to buy the stake.