Energean makes commercial gas discovery off Israeli coast
(Worthy News) – Greek oil and gas firm Energean announced on Monday a commercial gas discovery at its Athena exploration well in Israel’s Exclusive Economic Zone.
The London-based E&P (Energy & Production) company said the find, made in its Block 12 license between the Karish and Tanin fields, contains a recoverable gas volume of 8 billion cubic meters (bcm). While significant, the find falls far short of the company’s pre-drilling estimates of 21 bcm, which, according to Reuters, is included in an investor presentation last month.
However, the discovery has “de-risked” the wider Olympus Area, comprising Athena, undrilled prospects in Block 12 and the adjacent Tanin lease, according to the company. [ Source: JNS News (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
