HOUSTON, Dec. 5 (UPI) -- Noble Energy Inc. announced it made an oil discovery in the U.S. waters of the Gulf of Mexico and a gas discovery off the Israeli coast.
Noble, which has headquarters in Texas, said it encountered a 120-foot column of oil while drilling a discovery well in the Dantzler prospect in the deep waters of the Gulf of Mexico. The company said the discovery may hold more than 55 million barrels of oil equivalent.
Off the Israeli coast, the company said a well in the Tamar Southwest prospect encountered more than 350 feet of natural gas. Noble said it estimated the gross resources of the field to be more than 640 billion cubic feet of natural gas.
Tamar Southwest is located about 8 miles away from the Tamar field, one of the most substantial natural gas fields in the Mediterranean Sea.
"These new discoveries, combined with our exploration and appraisal successes earlier this year, have continued our successful organic exploration track record and identified new sources of future growth for Noble Energy," Mike Putnam, a vice president for Noble, said in a statement Wednesday.
Noble provided no timeline for commercial development of either find.
