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New Gas Discovery 1.8 Trillion Cubic Feet...Estimates For Tamar And Leviathan Fields, The Discovery Pushes Total Discovered Gross Mean Resources In The Levant Basin To About 38 Tcf, Noble Said (OGJ Online, Dec. 7, 2012).

|Includes: CHK, The United States Natural Gas ETF, LP (UNG)


"Noble makes another gas strike offshore Israel"



By OGJ editors

Noble Energy Inc. and partners have added to a series of natural gas discoveries in deep water offshore Israel.

The company estimates discovered gross resources in the Karish discovery well plus derisked resources in an adjacent fault block on the same license at 1.6-2.0 tcf, with a gross mean of 1.8 tcf.

The well was drilled to 15,783 ft TD in 5,700 ft of water on the Alon C license about 20 miles northeast of Tamar gas field (OGJ Online, Feb. 26, 2013). It encountered 184 ft of net natural gas pay in high-quality Lower Miocene sands.

In combination with recently increased resource estimates for Tamar and Leviathan fields, the discovery pushes total discovered gross mean resources in the Levant basin to about 38 tcf, Noble said (OGJ Online, Dec. 7, 2012).

The Ensco 5006 semisubmersible, which drilled the discovery well, will be moved to Cypriot waters to drill an appraisal well to the Cyprus A discovery (OGJ Online, Jan. 2, 2012). Cyprus A is about 40 miles north of Leviathan field, which is west of Tamar field.

Karish is the seventh field discovery for Nobel and partners in the Levant basin.

Noble operates the Alon C license with a 40.06% interest. Partners are Avner Oil and Delek Drilling, with 26.47% interest each.