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Chance of 4.2 Billion Barrels of Oil under Gas

August 30, 2010
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The Leviathan partners caution that it is premature to decide whether to drill wells into the two deep [oil] structures, and that a decision will be made after critical information is obtained during the drilling of Leviathan's natural gas structure. That well is scheduled for late October.

The partners also announced the development plan for the huge natural gas reserves located at a depth of about 5,361feet, about 84 miles west of Haifa, in Israel's north. The Leviathan partners are Noble Energy with a 39.66% holding, Delek Group subsidiaries Avner Oil and Gas LP and Delek Drilling LP (22.67% each), and Ratio Oil Exploration (1992) LP (15%).

Posted on August 30, 2010

Source: (By Israel 21c, August 29, 2010)

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