Noble hits pay offshore Israel

Noble has hit pay on the Tamar prospect in the Matan license, offshore Israel.

Offshore staff

HOUSTON -- Noble has hit pay on the Tamar prospect in the Matan license, offshore Israel. The Tamar No. 1 well, in approximately 5,500 ft (1,676 m) of water, was drilled to a total depth of 16,076 ft (4,899 m) to test a subsalt, lower Miocene structure in the Levantine basin.

Formation logs identified more than 460 ft (140 m) of net pay in three high-quality reservoirs. The thickness and quality of the reservoirs encountered were greater than anticipated at the well location, the company says.

The company estimates pre-drill gross mean resources of over 3 tcf. Subject to the collection of additional data, the resource estimate for Tamar could further increase.

Noble will perform production testing after the well is completed. The company and its partners may keep the rig to drill up to two additional wells in the basin. Pending test results, one well could be an appraisal at Tamar. In addition, the partners are considering drilling a second subsalt, lower Miocene prospect.

01/19/2009

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