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Massive Natural Gas Field Found of Israel’s Coast

By Al Fin | Sun, 02 January 2011 02:44 | 9

A gigantic natural gas field that could yield millions of barrels of oil was recently discovered on the maritime border between Israel, Lebanon, the Gaza Strip, Cyprus, and Northern Cyprus. _FastCompany

Levant Basin

While it is one of the world's richest natural gas reserves, the Levant Basin Province is located between countries with endless amounts of mutual hatred. It straddles the sea borders of Israel, Lebanon, Palestine, the Republic of Cyprus and the Turkish Republic of Northern Cyprus.

The largest section discovered so far, the Leviathan gas field, is believed to possibly contain, alongside natural gas, 4.2 billion barrels of oil. Leviathan straddles the Israeli-Lebanese maritime border. Israel is currently in a state of war with Lebanon and does not recognize the de-facto Hamas Palestinian government in the Gaza Strip.

More on the technical apsects of the discovery and planned exploration and production from Green Car Congress:

Texas-based Noble Energy, Inc. announced a significant natural gas discovery at the Leviathan exploration prospect offshore Israel. The results from the well confirm the pre-drill estimated resource range, with a gross mean for Leviathan of 16 trillion cubic feet (450 billion cubic meters). The Leviathan field is estimated to cover approximately 125 square miles (325 square kilometers) and, as a result of its size, will require two or more appraisal wells to further define total gas resources, according to Noble.

Leviathan-1, located in approximately 5,400 feet (1,645 meters) of water, is about 80 miles (130 kilometers) offshore of Haifa and 29 miles (47 kilometers) southwest of the Tamar discovery. Drilled in the Rachel license, the well encountered a minimum of 220 feet (67 meters) of net natural gas pay in several subsalt Miocene intervals. Apparent reservoir quality is very good, and the intervals discovered are geologically similar to those intersected at Tamar.

Drilling at Leviathan-1 will continue to a planned total depth of 23,600 feet (7,200 meters) to evaluate two additional intervals. Current well depth is 16,960 feet (5,170 meters). Results from the deeper tests, which have a low chance of success, are expected over the next couple of months.

Noble’s second contracted rig will arrive in the Eastern Mediterranean in early 2011 to spud a Leviathan appraisal well located 8 miles (13 kilometers) northeast of the discovery well. _GCC

The huge shale gas finds in North America -- with ever-growing reserves -- are only the beginning of the unconventional hydrocarbons revolution.

When oil prices are spuriously run up in the fashion of 2007-2008, and in the current run-up in price, the marketplace is likely to respond as soon as it can.

In the modern Obama regime atmosphere of energy starvation, and the carbon hysteric regimes of EU countries, the energy markets can be quite arthritic and slow to respond. Nevertheless, eventually things begin to move, where money can be made.

By. Al Fin

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  • Anonymous on January 04 2011 said:
    There is no such thing as the 'Turkish Republic of North(ern) Cyprus', instead there is a pseudo state which no nation on earth except Turkey recognises and which the UN has declared as an illegal entity. Please get your facts straight before publishing such blatant falsehoods in future.
  • Anonymous on January 05 2011 said:
    While we're at it, there is not such thing as "Palestine"....not yet at least.
  • Anonymous on January 22 2011 said:
    Why do people say such silly things as "there is no such thing as the the Turkish Republic of Northern Cyprus".Yes there is. It has free and fair elections, supermarkets and a free press. You may not like it, but it's a fact.It was formed to prevent a genocide taking place - something the population continue to be very grateful for.
  • Anonymous on July 29 2011 said:
    there is no such thing as palestine! but...gaza was a city before jerusalem was renamed jerusalem, from JEBUSITE.and that is backed up by the bible. FACE IT, ABRAHAM WAS BORN IN IRAQ, HE WENT WEST, AND THEN GOD TOLD HIJM TO MURDER AND RAPE THE CANNANITES. SO YOU NEED TO GET YOUR FACTS STRAIGHT.
  • Anonymous on July 30 2011 said:
    Al Fin, this is old news. It's been around for at least six months. The Turkish Republic of Northern Cyprus exists as a geopolitical entity, but is not officially recognised as such except by Turkey. As for Gaza and Jerusalem, so many theories, so many people spouting hot air for no good reason. Please let us stick to solid information as far as possible, without religion or ideology interfering if at all possible. Thank you.
  • Anonymous on August 18 2011 said:
    Because of the Oil and natural Gas finds, there is a war brewing over Israel, the war will be the 3rd and last world war, and it will draw Turkey, Iran, Russia, Libya and so many countries into battle against Israel and Yahuwah the God of Israel will confound them (see Ezekiel 38 and 39) What I want you to focus on is that the 3rd world war will lead to the revelation of the false messiah, the fulfillment of a global totalitarian rule, the 7 year ministry of the Antichrist, the tribulation of the true believers in Yahushuwah, the RAPTURE of saints, the persecution of Jews i.e. the troubles of Jacob and the battle of Armageddon leading to the culmination of the human age and the return of Yahushuwah as the King of Kings and Ruler of the earth to take Judgement upon all ungodliness and Sinfulness, we must begin to prepare for this and forget about useless politics that have no eternal value.
  • Anonymous on August 18 2011 said:
    Before we celebrate over the finding of massive deposits of natural gas or any other fossil fuel, we need to ask: What is the crisis we are facing today? Is the crisis one of a developing shortage of fossil fuel? Or is the crisis one of the earth's atmosphere running out of capacity to absorb all the carbon dioxide the human race is producing?If the latter, then cheering the discovery of more fossil fuel is like a drug addict cheering the arrival of a massive shipment of more of whatever he or she is addicted to.
  • Anonymous on October 05 2011 said:
    It's funny how Turks now claim that they should have a say and "equal rights" on the oil because Cyprus is "common land" when all these years they demanded partition and claimed that the Cyprus problem was "solved" with the declaration of the great "turkish republic of northen cyprus" (at the expenses of course of the 300.000 greek cypriots that were thrown out of their houses during the Turkish invasion) but anyway..
  • Anonymous on October 09 2011 said:
    The Turkish claim to any oil because of the location is within the Turkish Republic of Northern Cyprus is absurd. All Cypriots, from Turkish and Greek Cypriot origin have rights to all goings on in and around the island. However as long as there are 80,000 invading troops on the island, they forfeit those rights. As soon as the troops leave, and allow both Turkish and Greek Cypriots to return to their houses on both sides of the island, then Cyprus can begin to allow all of it's people to benefit from it's health system, education system and hopefully it's oil income. This is not a Cypriot problem any more, it is a TURKISH problem. Leave, and let the islanders from both sides start to develop their relationships. It is the year 2011, not 1960 or 1974. There will be no return to those situations of the past (remember how apartheid disappearing was going to start civil war??? Tosh!!) LEAVE THE ISLAND AND STOP BULLYING TURKISH CYPRIOTS AND GREEK CYPRIOTS!!!

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