• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 hours Oil prices going Up? NO!
  • 1 hour Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 8 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 38 mins The Tony Seba report
  • 41 mins Could Venezuela become a net oil importer?
  • 4 hours Kenya Eyes 200+ Oil Wells
  • 4 hours Are Electric Vehicles Really Better For The Environment?
  • 1 day Oil prices going down
  • 13 hours Saudi Arabia turns to solar
  • 1 day Could oil demand collapse rapidly? Yup, sure could.
  • 2 days Oil Buyers Club
  • 2 days Gazprom Exports to EU Hit Record
  • 1 day China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 2 days Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 4 hours OPEC soap opera daily update
Alt Text

What Will Follow The Age Of Oil?

Natural gas production is exploding…

Alt Text

The Permian Faces A Long Term Natural Gas Crisis

Bottlenecks in the Permian have…

Alt Text

Azerbaijan’s Pipeline Conundrum

Azerbaijan’s European pipeline project is…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Trending Discussions

Another Israeli Gas Find in the Levant Basin?

Another Israeli Gas Find in the Levant Basin?

Houston-based Noble Energy and Israeli energy company Delek Group said on 26 November that another gas find may be in the works with signs of a natural gas discovery in an exploration well in the offshore South West Tamar prospect.

The potential discovery comes after Delek in September estimated the undiscovered resource potential in the South Tamar prospect at around 684 billion cubic feet of natural gas.

Delek Group said there were "strong signs” of natural gas, but "It is clarified that appraisal drilling work has not yet taken place and signs of natural gas do not necessarily indicate an existence of a discovery," Delek said in a statement.

Related article: Russia Takes Steps to Increase LNG Exports

The Tamar prospect—about 60 miles off Israel’s northern coast—was discovered by partners Noble Energy, Delek and Israeli company Avner Oil in 2009.

The wider Tamar field contains between 9 and 10 trillion cubic feet of natural gas, and began production in March. While most of this gas will go to the domestic Israeli market, some will allowed to be exported, most likely to Egypt and Jordan, though contracts to this effect have not yet been signed.

For Noble Energy, this would be its 8th discovery in the Levant Basin. In late May, Noble announced a new discovery in the Mediterranean Sea, just 20 miles northeast of its Tamar field in its Karish well after drilling to a total depth of 15,783 feet. The well encountered 184 feet of net natural gas pay, and Noble thinks it potentially holds up to 2 trillion cubic feet of natural gas.

Related article: Shell Produces Gas at Record Low Cost in China

Noble is the operator of the Karish well license area, with a 47% stake. Avner Oil and Delek Drilling also have stakes in the license.  

This brings its estimated combined resources in the Levant Basin—including the Tamar and Leviathan fields—up to 38 trillion cubic feet of natural gas.  

Noble announced earlier this week that development of the Leviathan field will be delayed at least one year due to complication with the deep-water drillship procurement for the project.

By. Charles Kennedy of Oilprice.com




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News