The partners in Israel's large offshore Tamar natural gas reserve said Tuesday that signs of more petroleum have been found in a nearby field.
The partners in
Israel
's
large offshore Tamar natural gas reserve said Tuesday that signs of more
petroleum have been found in a nearby field.
The partners did not specify how much natural gas the signs indicated, but
previously they have said estimates indicate 0.7 trillion cubic feet of natural
gas in this new Tamar Southwest field.
The Tamar field contains between 9 and 10 trillion cubic feet of natural gas,
and began production in March. Most of the Tamar gas has been earmarked for the
domestic market, but
Israel
's
government has also said it would allow some of the gas to be exported to
neighboring countries, including
Egypt
and
Jordan
, although
no contracts to that effect have been signed.
The Tamar partners include Houston-based Noble Energy Inc. (NBL) and Israeli
companies Avner Oil Exploration Ltd. Partnership (AVNRL.TV), Delek Drilling
Ltd. Partnership (DLEKG.TV), and Isramco Negev 2 Ltd. Partnership (ISRAL.TV).
Despite this announcement, gas exploration shares were still lower after an
earlier announcement that drilling would be delayed at the even-larger
Leviathan field, which is owned by some of the same parties as Tamar.
At 0818 GMT, shares of Avner were down 0.05 shekels, or 1.47%, at ILS3.34,
($0.95), shares of Delek Drilling were down ILS0.33, or 1.72%, at ILS18.83, and
shares of Isramco were flat at ILS0.6950, in a flat Tel Aviv market.
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