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Noble Energy makes another natural gas find offshore Israel; total gross mean Levant gas resources now estimated at 38 Tcf

Noble Energy, Inc. announced a natural gas discovery at the Karish prospect offshore Israel. The discovery well was drilled to a total depth of 15,783 feet (4,811 meters) and encountered 184 feet (56 meters) of net natural gas pay in high-quality lower Miocene sands. Discovered gross resources, combined with the de-risked resources in an adjacent fault block on the license, are estimated to range(1) between 1.6 and 2.0 trillion cubic feet (Tcf) with a gross mean of 1.8 Tcf.

The Karish well, located in the Alon C license approximately 20 miles (32 km) northeast of the Tamar field (earlier post), is in 5,700 feet (1,737 meters) of water.

The Karish discovery is the fifth discovered field with an estimated gross mean resource size of more than 1 Tcf. It is also the seventh consecutive field discovery for Noble Energy and its partners in the Levant Basin. With the addition of Karish and the recent increase in resource estimates at Tamar and Leviathan, total discovered gross mean resources in the Levant Basin are now estimated to be approximately 38 Tcf.

The Ensco 5006 rig drilled the Karish well and will relocate to Cyprus where it is scheduled to spud an appraisal well at the Cyprus A discovery next month.

Noble Energy is the operator of the Alon C license with a 47.06% interest. Co-owners are Avner Oil and Delek Drilling each with a 26.47% interest.

Comments

HarveyD

A real bonanza for Israel. Protecting those wells from scavengers and terrorists may be costly? An automated defense perimeter system with controlled mines etc may be required.

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