leviathan gas drill.
(photo credit: (Albatross))
The Leviathan 2 drilling site has been moved one kilometer away from the current
site after water entered the shaft, the Leviathan partners headed by Noble
Energy Inc. decided on Saturday. The belief is that the change of plans will
delay the Leviathan timetable by about one month.
Drilling at Leviathan 2
began on March 20, some 14 kilometers from Leviathan 1. The initial
findings from the drilling were due to be published at the end of
June. The drilling was halted several hundred meters above the target
strata at a depth of 5,400 meters.
The delay will also influence attempts
to find oil at Leviathan 1 because according to the plan, drilling at Leviathan
1 was only due to recommence after drilling at Leviathan 2 is
Professional sources told Globes
that it is not exceptional
for water to enter a drilling shaft and that usually such events are covered by
insurance. So the delay should not involve extra costs for the Leviathan
partners. The cost of renting the drilling rig amounts to $250,000 per day on
top of several hundred thousand dollars a day running expenses.
at Leviathan 2 will enable a more exact assessment of the natural gas reserves
found in Leviathan 1 at the end of 2010. The Leviathan 1 drilling was carried
out by the Sedco Express rig owned by Transocean Inc. at a cost of $180,000 per
The drilling at Leviathan 2 is being carried out by the Pride North
America rig which is considered more reliable for deep water
The partners in the Leviathan field are Noble Energy (40
percent), Delek Group Ltd. units Delek Drilling Limited Partnership (22.5%) and
Avner Oil and Gas Ltd. (22.5%), and Ratio Oil Exploration Ltd. (15%).