Nearshore Israel well to probe for gas

Offshore staff

TEL AVIV, Israel – Drilling will soon start on the shallow water Pinnacles 1 exploration well offshore Israel, according to partner Delek Drilling.

The location is close to the producing Mari-B field. The program should last for around five.

A report by Netherland, Sewell and Associates assessed the gas potential in the Pinnacles prospect as follows:

Category Unrisked Gross (100%) Prospective Gas Resources (BCF)
Low Estimate 25.7
Best Estimate 47.6
High Estimate 78.2

3/6/2012

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