Partners agree on budget for deepwater Tamar well

Offshore staff

TEL AVIV, Israel – Delek Group has provided more details of the planned new production well later this year on the Tamar field offshore Israel, announced yesterday by operator Noble Energy.

Tamar-8, in 1,670 m (5,479 ft) of water and around 100 km (62 mi) west of Haifa, should spud in 4Q and will take around four months to drill, including completion and connection to the existing subsea production system.

Target layers are Miocene Tamar sands. Final planned depth is roughly 5,050 m (16,568 ft) below sea level.

The well will be designed to facilitate optimal production from the Tamar reservoir.

Delek says the partners have agreed a budget of $160 million for drilling and completion, and an additional $105 million for construction of related infrastructure, including the subsea connection.

Of the total, $37 million is for equipment already purchased for the Tamar SW development, which will be used for the well, effectively reducing the total outlay to $228 million.

07/06/2016

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