Tamar gas site proves larger than previous estimates - Israel Business, Ynetnews

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Tamar gas site Photo: Albatros
Tamar gas site Photo: Albatros

Tamar gas site proves larger than previous estimates

Recent survey conducted by international consulting company indicates amount of gas in Haifa site larger by 16% than estimated a month ago

Calcalist reporters
Published: 08.11.09, 15:19 / Israel Business

The amount of natural gas discovered in the Tamar field is larger by 16% than estimates published a month ago, Noble Energy reported Tuesday.


Large quantities of natural gas found off Haifa coast / Reuters
More than 3 trillion cubic feet of natural gas discovered at well off of Israel's Mediterranean coast. 'This appears to be the largest discovery in the company's history,' says Noble Energy president
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According to recent examinations by Netherland, Sewell and Associates Inc., the gas reserves amount to 207 billion cubic meters as opposed to the previous estimate which stood at 178 billion cubic meters.


NSAI is considered one of the world's leading engineering consulting companies in the field of oil and natural gas reserves evaluations. The estimate was commissioned by Noble Energy Inc., one of Tamar field's owners.


Following the new evaluation, Gideon Tadmor, CEO of Delek Energy Systems and Avner Oil and Gas, and Zvi Greenfeld, CEO of Delek Drilling, stated "The non-biased professional report confirms the extraordinary size and quality of the Tamar field."


According to the two the recent gas discoveries in Tamar and Dalit are a strategic asset to Israel and its energy market, freeing it from dependence on foreign providers. "We have already sufficient Israeli natural gas to meet all of the country's needs for many years, and we intend to continue searching in our many franchises on the Israeli coast," they added.


The Tamar drilling field is located 50 miles off the Haifa coast and its owners include Noble Energy with 36% of drilling rights, Isramco negev 2, with 28.75%, Avner Oil Exploration with 15.625%; and Dor Gas Exploration, with 4%.


Lior Gutman and Mishel Udi contributed to the report


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