Deepwater exploration heats up off Israel

Deepwater exploration is heating off Israel, with new licenses awarded amid reports of a significant gas discovery off the hydrocarbon-poor nation.Samedan Mediterranean Sea, a subsidiary of Noble Affiliates Inc., Ardmore, Okla., and its partners gauged a flow rate of 30 MMcfd in the Noa 1 wildcat in the Mediterranean Sea off southern Israel.Meanwhile, BG Exploration & Production Ltd. was awarded three deepwater exploration blocks off Israel, which it is pursuing with an eye on the potential for downstream gas projects. The BG blocks are near the acreage containing the Noa 1 strike.Gas discoveryThe Noa 1, tested through a 3/4-in. choke with 2,200 psi flowing tubing pressure, is capable of ...

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