facebook
twitter
rss
account
search
search
 

Delek Group says it may have found natural gas off Israel's coast

Nov. 26, 2013 at 8:20 AM   |   Comments

TEL AVIV, Israel, Nov. 26 (UPI) -- Israeli energy company Delek Group said Tuesday it found signs of a natural gas discovery in an exploration well off the country's coast.

Delek Group said there were "strong signs of natural gas" encountered while drilling an exploration well in the South West Tamar prospect.

"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," the company cautioned in a statement.

In a September assessment, Delek said it estimated the undiscovered resource potential in the South Tamar prospect to be around 684 billion cubic feet of natural gas.

Delek discovered the broader Tamar prospect about 60 miles off the northern Israeli coast in 2009. The company said it, along with the region's Leviathan gas field, are among the largest natural gas discoveries ever made in deep waters.

Delek announced the start of drilling in South West Tamar in September. It didn't say when appraisal drilling would take place.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Continental Resources declares win in Oklahoma basin Continental Resources declares win in Oklahoma basin
2
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
3
Sandia National Labs develops zoom military rifle scope Sandia National Labs develops zoom military rifle scope
4
Lockheed Martin, Roketsan collaborate on F-35 cruise missile Lockheed Martin, Roketsan collaborate on F-35 cruise missile
5
U.S. oil exports at highest level since 1957 U.S. oil exports at highest level since 1957
Trending News
Around the Web
x
Feedback