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October 6, 2022, by Nermina Kulovic
E&P company Energean has made a commercial gas discovery with the Hermes exploration well offshore Israel and has moved on to drill the next well in the campaign.
As reported in June 2022, Energean made plans to drill two more exploration wells off Israel and exercised its options with Stena Drilling for those wells.
The Hermes exploration well is located in Block 31 and it was spud in August, using the Stena IceMAX drillship. Preliminary estimates indicate that the structure contains 7 – 15 bcm of recoverable natural gas resources, Energean informed on Thursday.
Detailed analysis of the data collected by the well is ongoing, with the aim of refining volumetric estimates and potential commerciality for both the discovery and the full area. The Hermes discovery has helped to de-risk the nearby Poseidon and Orpheus structures, which represent attractive potential future appraisal targets to fully assess the potential of the area around block 31.
