Gulf Oil and Gas accountACCOUNT

Israel Authorises Noble to Develop Noa Gas Field

Source: Reuters 6/13/2011, Location: Middle East

Israel's Infrastructure Ministry has authorised Texas-based Noble Energy to begin developing the Noa natural gas field due to an expected shortage of gas in 2012.

The ministry has approved the development of the northern part of the Noa field, where the Noa-1 drill is located. The ministry said in a statement that other parts of the field are not expected to yield substantial amounts of gas.

The northern part of the Noa field is expected to produce 1.2 billion cubic meters of gas. Noble has until July 15 to submit its development plans.

Noble leads the Yam Thetis exploration group, which is producing gas at the nearby Mary field off Israel's southern Mediterranean coast. A source in the energy market estimated it would take a year to develop the Noa field.

Last month Yam Thetis signed a deal to sell 1.2 billion cubic metres of natural gas to Israel's Oil Refineries for an estimated $350 million. Following the signing of the agreement, Yam Thetis said it was examining the development of the Noa field. Yam Thetis supplies Israel with most of its natural gas.

About 40 percent of Israel's gas comes from Egypt, but delivery has been halted twice since February due to attacks on gas infrastructure in the northern Sinai. Egypt resumed delivery of gas to Israel on Friday.

Noble has a 47.1 percent stake in Yam Thetis, while Delek Drilling has 25.5 percent and Avner Oil has 23 percent. Delek Drilling and Avner are both part of Delek Group.

Noble, Delek and Avner are partners in a second group that is developing the much larger Tamar gas field off Israel's northern coast. Production at Tamar is expected to begin in 2013. Israel faces a shortage of gas next year as the Mary field is running dry.

Production News in Israel >>

Mexico >>  5/17/2019 - ExxonMobil said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in ne...
Morocco >>  5/17/2019 - SDX Energy, the North Africa-focused oil and gas company, has announced its financial and operating results for the three months ended March 31, 2019 ...

Iraq >>  5/16/2019 - Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its two-millionth tonne of oil since starting commercial production at its Sarqala ...
Norway >>  5/15/2019 - In connection with loading oil from buoy to shuttle tanker on the North Sea Statfjord field, oil was observed on the sea surface early this morning, 1...

United States >>  5/14/2019 - McDermott International, Inc. (MDR) announced that Train 1 of the Cameron LNG project in Hackberry, La., has begun producing liquefied natural gas (LN...
Russia >>  5/9/2019 - Exillon Energy plc (Exillon Energy), a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Israel Oil & Gas 1 >>  2 | 3 |

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.