Nearshore Israel well to probe for gas

March 6, 2012
Drilling will soon start on the shallow water Pinnacles 1 exploration well offshore Israel, according to partner Delek Drilling.

Offshore staff

TEL AVIV, Israel –Drilling will soon start on the shallow water Pinnacles 1 exploration well offshore Israel, according to partner Delek Drilling.

The location is close to the producing Mari-B field. The program should last for around five.

A report by Netherland, Sewell and Associates assessed the gas potential in the Pinnacles prospect as follows:

CategoryUnrisked Gross (100%) Prospective Gas Resources (BCF)
Low Estimate25.7
Best Estimate47.6
High Estimate78.2

3/6/2012