Posts Tagged ‘Israel’

100+ tcf and the discoveries keep coming. Here’s the latest:

London, 7 November 2022 – Energean plc is pleased to announce that i) the Zeus 01 exploration well has made a commercial gas discovery of 13 bcm ii) contingent resources at Athena have been upgraded following post-well analysis; and iii) the Stena IceMax drilling rig has moved to block 23 to drill the Hercules structure, the final well in Energean’s 2022 drilling campaign.

Will the gas/power transmission systems follow?

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In a world where diplomacy seems to be lacking, it’s nice to learn that Israel and Lebanon have reached an agreement on their maritime boundary, and that both countries are satisfied. Based on press reports, it appears that the Qana gas field will fall under the control of Lebanon and that Israel will control the Karish field. Good for Lebanon, good for Israel, and good for energy!

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Eni announces another deepwater gas discovery:

  • Offshore Cyprus
  • Cronos-1 well; Block 6 on map
  • 2287m water depth
  • >2.5 tcf

The challenge is getting the 100+ trillion cubic feet of gas to European markets. The East Med Poseidon Gas Pipeline (map below) makes the most sense, but the current US administration inexplicably opposes this project. Other options include LNG via Egypt, a pipeline to Turkey, and a floating LNG facility.

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IDF photo

Haaretz article

Background information

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This seems to be a good summary video and includes a clip of the FPSO that will be producing the field.

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Leviathan platform, offshore Israel

Gas reserves in the Eastern Mediterranean Basin are enormous:

Now the U.S. Geological Survey estimates that as much as 122 trillion cubic feet of gas and 1.7 billion barrels of oil lie in the eastern Mediterranean basin. That amount of gas is equivalent to about 76 years of gas consumption in the European Union.


Another US energy/foreign policy blunder?

Last January, the US informed Israel, Greece and Cyprus that they no longer supported the proposed EastMed natural-gas pipeline from Israel to Europe citing the need to “(allow) for future exports of electricity produced by renewable energy sources, benefiting nations in the region.”

Jerusalem Post

It’s time to move forward with this strategically important energy project. Chevron is now the main player in the Eastern Mediterranean after their 2020 acquisition of Noble Energy.

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Noble Energy, Inc. (NYSE: NBL) announced today that it has ended drilling operations at the Leviathan #2 appraisal well location, offshore Israel. During the drilling process, the Company identified water flowing to the sea floor from the wellbore. The source is a water sand that flowed behind the surface casing. It has been monitored closely and there are no indications of any hydrocarbons in the produced water. Drilling in the Leviathan #2 well had not yet reached the depth of the targeted gas intervals discovered in the Leviathan #1 well. Noble Energy

Costly problem, but not terribly unusual.

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