Further gas development in prospect offshore Israel

April 16, 2012
Delek Group says a development plan has been approved for the Pinnacles #1 gas well offshore Israel.

Offshore staff

TEL AVIV, Israel –Delek Group says a development plan has been approved for the Pinnacles #1 gas well offshore Israel.

A budget of $100 million has been approved, of which $30 million is for exploration and drilling.

A full reservoir report should be released after the development well has been completed, probably in July.

4/16/2012

Courtesy COSCO Shipping & Guangzhou Salvage Heavy Transport Co. Ltd.
Courtesy Wintershall Dea
Courtesy JERSEY OIL AND GAS PLC LinkedIn