Offshore staff
TORONTO – Modi’in Energy has issued a revised resource report for the Yam Hadera license offshore Israel.
Following reinterpretation of seismic data, consultants Netherland, Sewell & Associates claim that Yam Hadera could hold up to 208 MMbbl of recoverable oil and 3.4 tcf (96 bcm) of natural gas, with a geologic probability of success of 17%-29% for different horizons.
The location is 30 km (18.6 mi) from the coast, between Hadera and Haifa and northwest of Adira Energy’sGabriella and Yitzhak licenses.
Adira has anoption to take a 15% interest in the concession.
7/18/2013
