Israel Starts Tamar Gas Production

Source: Bloomberg 3/31/2013, Location: Middle East

Israel started gas production at the Tamar offshore field in an effort to put the country on the road to energy independence and save a projected 1 billion shekels ($274 million) a month, according to the government.

The gas was expected to reach Israel’s port city of Ashdod, the Energy and Water Ministry said.

The field in the eastern Mediterranean Sea, estimated to hold 9 trillion cubic feet of natural gas, is being developed by a group that includes Noble Energy Inc. (NBL), Delek Drilling-LP, Avner Oil Exploration LLP (AVNRL) and Isramco Negev 2 LP. (ISRAL) Along with Noble, Israeli energy exploration companies have discovered enough gas under the Mediterranean over the past three years to supply the country for 150 years.

“We are talking about billions of dollars coming to the state from tax revenues from Tamar gas over a 20-year period,” Gilad Alper, a senior analyst at Excellence Nessuah Brokerage Ltd. in Tel Aviv, said in a phone interview. “It will also reduce energy costs as we will replace expensive imports with a cheap domestic supply of natural gas. The start of the flow is a big positive for the economy.”

The Tamar and Dalit fields could supply Israel with gas for two decades. The larger Leviathan field is estimated to hold 18 trillion cubic feet of gas, Noble said in a statement March 6.

“This is an important day for the Israeli economy,” Prime Minister Benjamin Netanyahu said today in an e-mailed statement. “We are taking an important step toward energy independence.”


Italy >>  5/24/2022 - Coro Energy Plc, the South East Asian energy company focused on supporting the regional transition to a low carbon economy, is pleased to provide the ...
Malaysia >>  5/23/2022 - Good production performance year to date; full year guidance remains unchanged

EnQuest Chief Executive, Amjad Bseisu, said:
"EnQuest...


United Kingdom >>  5/23/2022 - IOG plc, the Net Zero UK gas and infrastructure operator focused on high return projects, provides a further operational update.

Over the ...

United Kingdom >>  5/23/2022 - Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company, is pleased to announce that material landmark ne...

Norway >>  5/20/2022 - Preliminary production figures for April 2022 show an average daily production of 1 871 000 barrels of oil, NGL and condensate.

Total gas ...

Cameroon >>  5/19/2022 - Victoria Oil & Gas Plc , whose wholly owned subsidiary, Gaz du Cameroun S.A . ("GDC"), is the onshore gas producer and distributor with operations lo...

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  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.