Sunday, January 18, 2009

Consortium Claims Biggest Natural Gas Discovery in Israel's History

Let's see if this holds up.

Israel`s largest-ever reserve of natural gas discovered off Haifa coast
Isramco announced Sunday that "extremely significant" reserves of natural gas have been discovered at its Tamar 1 offshore drill site 90 kilometers west of Haifa
Noble Energy Announces Significant Natural Gas Discovery at Tamar Well Offshore Israel
Noble Energy operates the well with a 36 percent working interest. Other interest owners in the well are Isramco Negev 2 with 28.75 percent, Delek Drilling with 15.625 percent, Avner Oil Exploration with 15.625 percent and Dor Gas Exploration with the remaining four percent.
התגלית  הגדולה מעולם: פי 3 מ"ים תטיס" ובערך כלכלי של 15 מיליארד ד'; תשובה: "נשלם את כל האג"חים


Nobody said...

Sounds too good to be true

:D :D

Anonymous said...

Its not yours. It belongs to the Palestinians, the indigenous population of Palestine. Do not touch it. You will have to return it along with the land you stole. Israel is living on stolen land and borrowed time. tick tock tick tock.

Jeha said...

This is, in a sense, old news; the formation is huge, and may well be an extension of the Sinai formation. Ultimately, total gas reserves there may represent about 1% of Proven world reserves.

But this may not necessarily be good news for either Israel or the Palestinians, as they are both extremely vulnerable to "Dutch Disease" in their current state.

Nobody said...

Well. These are not yet quantities that can lead to any dutch decease. Israel may be able to export some bits but right now it's more about energy independence if at all.