Wednesday, February 11, 2009

Huge Israeli Natural Gas Find Off Haifa Coast Even More Massive Than Expected

The huge Israeli natural gas find off the coast of Haifa reported here in Januray is much larger than originally anticipated, Israel National News is reporting:

A massive natural gas find off the coast of Haifa which was lauded as capable of fueling all of Israel for 15 years is actually more than 60 percent larger than originally estimated, according to the American partner in the drill, Noble Energy Inc. The implications of this discovery to Israel cannot be overstated

Israeli companies Isramco Negev 2, Delek Drilling, Avner Oil Exploration, and Dor Gas Exploration had the majority of the stake on the dig – named Tamar-1 – which is estimated at a potential of 5 trillion cubic feet of natural gas. That estimate is up from January, at which time the partners believed the well contained 3 trillion cubic feet of gas.

The team will keep their drilling rig in the area for two more wells they believe may be present as well. More at link above

Tags: Israel Natural Gas Discovery, Haifa

No comments:

Post a Comment

Print Friendly and PDF