Energean announces new gas discovery off Israeli coast

0
132
Energean plc announced on Monday the discovery of a commercially viable deposit of natural gas, containing an estimated 13 billion cubic meters (bcm), at its Zeus-01 drilling site located off Israel’s coast, the company said in a statement.

A post-well analysis of the find is currently being conducted.

By the God of your father who will help you, And by the Almighty who will bless you With blessings of heaven above, Blessings of the deep that lies beneath,
Blessings of the breasts and of the womb.” Genesis 49:25 

Energean announces new gas discovery off Israeli coast - JNS.org

 

A commercially viable deposit containing an estimated 13 billion cubic meters of natural gas was found at the Zeus-01 drilling site, the company says.

The statement added that an audit of Energean’s adjacent Athena field had upgraded reserves by 3bcm to 14.75bcm, following post-well studies of drilling data.

“The results from the Zeus well and the Athena post-well analysis provide Energean with additional confidence about the volumes and commerciality of the Olympus area, and the company is now progressing its field development plan,” said the statement.

The “Olympus area” is located between the Karish and Tanin fields in Israel’s exclusive economic zone.