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Wednesday, December 29, 2010

Noble CEO: Leviathan is largest gas find in our history




Natural gas field found to be twice the size of Tamar; Noble COO says discovery has "potential to position Israel as natural gas exporting nation."

The natural gas reserves in the Leviathan structure total 16 trillion cubic feet of natural gas, based on preliminary results of the production tests received in the past few days. This was same amount estimated from a recent 3D seismic survey. The quantity found is double the gas reserves at Tamar. The results were reported Wednesday by Noble Energy Inc., which owns 39.66% of the prospect.

According to Noble Energy, "The well encountered a minimum of 220 feet (67 meters) of net natural gas pay in several subsalt Miocene intervals. Apparent reservoir quality is very good, and the intervals discovered are geologically similar to those intersected at Tamar."

If you like to read the whole story click:
Noble CEO: Leviathan is largest gas find in our history

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