Gas, condensate output rises at Tamar offshore Israel

Offshore staff

TEL AVIV, Israel - Delek Group has issued an update on progress at the Tamar and Leviathan projects offshore Israel.

During Q1 2015, production from Tamar and Israel’s shallow-water Yam Tethys complex totaled 1.97 bcm, up from 1.7 bcm during the corresponding quarter in 2014.

In addition, Tamar sold 93 MMbbl of condensate, up from 76 MMbbl the previous year.

On April 2, the Prime Minister of Israel, Minister of National Infrastructure, Energy and Water Resources, and the Petroleum Commissioner of Energy and Water Resources, approved the export of fixed quantities of natural gas from the agreement signed by the Tamar partners in February last year with NBL Eastern Mediterranean Marketing.

The latter had signed back to back agreement with two Jordanian enterprises, Arab Potash Company and Jordan Bromine Company.

In May Israel Electric Corporation (IEC) partially exercised a second option to take a maximum of 87 bcm instead of 99 bcm from Tamar.

Noble Energy and its partners in the 22-tcf Leviathan natural gas discovery continue working with various regulators.

They are seeking agreement on a solution that creates the certainty needed for investment decisions, both for the development of Leviathan and planned expansion of Tamar.

05/28/2015

 

 

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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...