Further gas development in prospect 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

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...