Israel Confirms New Offshore Gas Reserves

(Reuters) Ari Rabinovitch - Israel Land Development (ILD) Energy said on Thursday an independent evaluator estimated two of its offshore drilling sites, located about 70 kilometers off-shore from Tel Aviv, held a total 6.5 trillion cubic feet (TCF) of natural gas. The company identified a 54% probability for geological success at its deep-sea Myra and Sara fields. The reserves at Myra and Sara will strengthen Israel's burgeoning natural gas resources. Two even larger fields, Tamar and Leviathan, were discovered off Israel's coast in the past few years.


2011-07-01 00:00:00

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