Our friends in Israel
Just got a big shot in the arm. From
Noble Energy:
Noble Energy Announces Significant Natural Gas Discovery at Tamar Well Offshore Israel
Noble Energy, Inc. (NYSE: NBL) announced today a natural gas discovery at the Tamar prospect in the Matan license, offshore Israel. The Tamar #1 well, located in approximately 5,500 feet of water, was drilled to a total depth of 16,076 feet to test a subsalt, lower-Miocene structure in the Levantine basin. Formation logs identified more than 460 feet of net pay in three high-quality reservoirs. The thickness and quality of the reservoirs encountered were greater than anticipated at the well location.
Charles D. Davidson, Noble Energy's Chairman, President and CEO, said, "Tamar represents our first exploratory well offshore Israel in more than five years, and we are extremely excited by the results. This is one of the most significant prospects that we have ever tested and appears to be the largest discovery in the company's history. Early indications are that the resources identified are very substantial, at least equal to our pre-drill estimated gross mean resources of over three trillion cubic feet. Subject to the collection of additional data, the resource estimate for Tamar could further increase. This discovery continues to highlight the potential of our global programs and further demonstrates the significant value generated from our best-in-class exploration efforts."
Go Israel!
Go
Abiogenic petroleum origin!
Posted by DaveH at January 24, 2009 9:44 AM