January 18th, 2016
Israeli explorers Isramco Negev and Modiin Energy reported January 17 that a survey by Netherland, Sewell pointed to a potential discovery of 8.9 trillion ft³ of gas in the Daniel Maarav, Daniel Misrah and other geological structures offshore Israel. The data included in the new survey is based on a 3-D seismic survey that was concluded last year and it said the probability of finding gas is 25%-50%, depending on the location. The potential deposit quantity is almost as big as the Tamar field but more challenging, technically and so it will be more expensive to produce.
Both licenses are in deep water, 85-115 km offshore Israel and at a depth of 1,000-1,350 meters.
Partners are Isramco Negev (65%), Modiin Energy (15%), Israel National Oil Company - Hanal (10%), US ATP – which is now in liquidation (5%) – and AGR Petroleum Services Holdings, a Norwegian services company (5%). Isramco also holds a 29% stake in Tamar.
