TEL AVIV, Israel – Noble Energy Mediterranean and its partners have agreed to drill an exploration well on the South West Tamar prospect offshore Israel. The structure is in the Tamar I/12 lease and Eran/353 license in the Levantine basin.
A report by consultants Netherland Sewell and Associates estimates potential gas resources at 684 bcf (19 bcm), with a 90% probability of success.
According to Delek Group, parent company of two of the license partners, the budgeted cost of the well is $122 million, excluding production tests.
Drilling is expected to start soon after drilling and production testing of theAphrodite A-2 well offshore Cyprus, and will last around four months.
Planned water depth for the Tamar SW well is around 1,650 m (5,513 ft), with a total drilling depth of 5,300 m (17,388 ft) below sea level.