www.bethelfiannce.com
Bethel Finance news:
The reserve estimate at the Leviathan natural gas field off the coast of Israel has reached an average of 17 trillion cubic feet, an energy company said.
Noble Energy, which has headquarters in Texas, announced its Leviathan 3 appraisal well off the Israeli coast encountered about 290 net feet of natural gas pay.
Charles Davidson, chairman and chief executive officer at Noble Energy, said this equates to a gross mean resource estimate of 17 trillion cubic feet.
"The results of the appraisal well are very encouraging and validate our seismic modeling and petrophysical interpretation of this substantial resource," he said in a statement.
The appraisal well was drilled in water depths of around 5,480 feet.
Major natural gas discoveries at the Tamar and Leviathan offshore fields have redefined the Israeli energy sector. Israel gets some of its electricity from gas supplied through sabotage-vulnerable Egyptian pipelines, though officials have said the country must find ways to become self-sufficient in energy.
Lebanon contends that a portion of Leviathan lies within its maritime borders. Hezbollah Secretary-General Hassan Nasrallah said Lebanon would rely on support from the military and the resistance to defend the country's natural resources.
No comments:
Post a Comment