Leviathan offshore drilling begins

By RON STEINBLATT / GLOBES
October 19, 2010 07:14

A second platform, North America Pride, is due to arrive at Leviathan in January to drill to the deeper structures.

1 minute read.



Illustrative photo

311_offshore oil well. (photo credit: Associated Press)

Drilling of the Leviathan 1 exploratory well began Monday, at a cost of $150 million. The Israeli partners in the Leviathan licenses – Delek Group Ltd. subsidiaries Avner Oil and Gas LP and Delek Drilling LP, as well as Ratio Oil Exploration (1992) LP – announced that Noble Energy Inc. informed them the Sedco Express platform had begun drilling. The drilling is due to take five months.

The deepwater well in the Rachel license, 135 kilometers west of Haifa, will be drilled to a depth of 7,200 meters, including 1,634 meters of water. The well will seek to locate the gasbearing structure, in which a 3-D seismic study conducted for Noble Energy indicated the presence of 453 billion cubic meters of natural gas with a geologic chance of success of 50 percent.


When the well reaches the target structure, an estimated two months, the partners will decide whether to carry out production tests. After these are completed, the Sedco Express will carry out development drilling at the Tamar site, also owned by Noble Energy and Delek Group, together with Isramco Ltd. and Dor Gas Exploration Ltd.

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Noble Energy owns 39.66% of the Leviathan licenses, Delek Drilling and Avner Oil each own 22.67% and Ratio owns 15%.

A second platform, North America Pride, is due to arrive at Leviathan in January to drill to the deeper structures, where current information estimates the presence of three billion barrels of oil at a depth of 5,800 meters, with a geologic probability of 17%, and the presence of 1.2 billion barrels of oil at a depth of 7,200 meters, with a geologic chance of success of 8%.


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