(Reuters) Drilling at Israel's Pelagic offshore natural gas fields will begin in November and last for about three months, at a cost of around $103 million, exploration firm Israel Opportunity said on Thursday. The Ishai field, the first of five Pelagic licenses to be drilled, is located 160 km. off Israel's coast in waters 1,700 meters deep. It is estimated to hold 3.7 trillion cubic feet of gas and the drilling has up to a 76.7% chance of success. The Pelagic fields are near Israel's Tamar and Leviathan fields.
2012-10-19 00:00:00Full ArticleBACK Visit the Daily Alert Archive