Appraisal well leads to Tamar gas upgrade

Noble Energy has issued an upbeat assessment of its Tamar-2 appraisal well offshore Israel in the Matan license.

Offshore staff

HOUSTON -- Noble Energy has issued an upbeat assessment of its Tamar-2 appraisal well offshore Israel in the Matan license.

The well, in 5,530 ft (1,685 m) of water, 3.5 mi (5.6 km) northeast of the Tamar-1 discovery was drilled on the flank of the structure. Noble says reservoir thickness and quality were consistent with those encountered by the discovery well, and pressure data confirmed continuous, high quality reservoirs.

The gas/water contact was encountered as foreseen in the central reservoir, and as expected, there was no evidence of water contact in the top reservoir. Whole core samples were obtained in three reservoirs to assist geological and engineering studies for field development.

Having assessed the results of the latest well, Noble has raised its gross mean resource for Tamar by 26% to 6.3 tcf, double the original pre-drill estimate for the prospect. The company has contracted a reservoir consulting firm to prepare an independent assessment of the discovered gas.

Noble plans to produce first gas from Tamar by 2012. It is also preparing to acquire around 1,200 sq mi of 3D seismic over several other leads in the Levantine Basin.

07/08/2009

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