Noble makes second natural gas discovery offshore Israel

An exploration well on the Dalit prospect, offshore Israel, has hit pay, according to Noble Energy Inc.

Offshore staff

HOUSTON -- An exploration well on the Dalit prospect, offshore Israel, has hit pay, according to Noble Energy Inc. Located in approximately 4,500 ft (1,372 m) of water and 30 mi (48 km) offshore, the well was drilled to a depth of 12,000 ft (3,658 m). Formation logs identified more than 110 ft (34 m) of net pay in a high-quality reservoir, the company reports.

Production testing will be performed at Dalit after the well is completed. Subsequent to testing, the rig will return to the Tamar discovery in the Matan license to drill an appraisal well designed to better define the resources of Tamar, the company says.

"With the successes at Tamar and Dalit, we have potentially opened up a substantial new resource basin, where we have an interest in about 3 million gross acres," says Charles D. Davidson, Noble Energy's chairman, president, and CEO. "We are moving forward with development plans to bring first production to Israel from this new region in 2012."

03/30/2009

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