Ensco rig on location for Karish well offshore Israel

Offshore staff

TEL AVIV, Israel – The Ensco 5006 reached the Karish 1 drilling location offshore Israel in mid-March, according to partner Delek Group.

Drilling on the potential 2-tcf (57-bcm) gas prospect should last about three months with a budget estimated at $90 million.

The 9.7-tcf (275-bcm) Tamar field is on track to start production soon, Delek added. To date the Tamar partners have signed 14 contracts with various Israeli customers to supply a total of 147-168 bcm (5-6 tcf) of gas, with estimated cumulative revenue of $39 billion.

Following completion of the pre-front-end engineering and design stage by Daewoo Shipbuilding concerning a proposed floating LNG project, the Tamar partners signed an agreement with Levant LNG Marketing and Pangea LNG for completion of the FEED stage.

Levant and Gazprom Marketing & Trading Switzerland are in exclusive negotiations to sign a binding agreement for the sale of the LNG. Delek stresses that gas production from the FLNG will not impact supplies to the domestic Israeli market. Production is planned through a dedicated system that will include new development drilling wells.


Related Articles

McDermott nets second major contract from Aramco

Aug 27, 2015

Saudi Aramco has awarded McDermott International a lump sum contract for brownfield work on various fields offshore Saudi Arabia.

Al Shaheen well campaign passes halfway mark

Aug 27, 2015

The current development of the Al Shaheen field offshore Qatar is progressing as planned, according to operator Maersk Oil, with the 50-well program more than half way complete.

SeaDragon considers potential new well in Gulf of Suez

Aug 27, 2015

Seadragon Energy says the partners in the South Ramadan Concession in the offshore Gulf of Suez offshore Egypt have awarded a seismic reprocessing contract.

Israel grants extension for Alon licenses

Aug 26, 2015

Delek Group says Israel’s Ministry of Energy and Water Resources has granted an extension to two offshore licenses.

Three Eurasia jackups active in Caspian Sea

Aug 25, 2015

Eurasia Drilling Co. has issued a review of its operations in the Caspian Sea during the first half of this year.

Trending News

Online exclusive: Woodside to drill up to three wells in the Beagle subbasin

Oct 2, 2015

Woodside Petroleum has announced plans to drill up to three wells in the emerging Beagle subbasin as part of its bid to rejuvenate its North West Shelf portfolio.

Nalcor driven study finds huge potential offshore Newfoundland and Labrador

Oct 2, 2015

The government of Newfoundland and Labrador, Nalcor Energy, and Beicip-Franlab have announced that the “in place” oil and gas resource potential is 12 Bbbl of oil and 113 tcf of gas for 2015 license round area offshore Newfoundland and Labrador.

EMGS, BOA agree on new terms for charter agreements

Oct 2, 2015

Electromagnetic Geoservices ASA has signed an extended charter agreement for BOA’s seabed logging vessel BOA Thalassa at new commercial terms.


Technip secures another subsea contract for the Stones development in the GoM

Oct 2, 2015

Technip has received a contract from Shell Offshore for the development of subsea infrastructure for the Stones project.

UK oil and gas firms are missing opportunities on collaboration, says Deloitte

Oct 2, 2015

Deloitte’s recent survey of oil and gas operators and oilfield services companies has found that a lack of effective supply chain collaboration means companies are missing out on maximizing the potential value from the UK continental shelf.

Digital Magazine
Look Inside
Current Issue
Click to view the Offshore Learning Center

Oil & Gas Jobs

Search More Job Listings >>