Tamar owners approve $265 million to drill 6th gas well

Drilling will begin in 2016's last quarter and connect to the 282 billion-cubic-meter reservoir's infrastructure.

By
July 3, 2016 18:21
1 minute read.
tamar gas

Tamar gas field‏. (photo credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

The Tamar natural-gas consortium will begin drilling a new well in the near future, Delek Drilling and Avner Oil Exploration announced Sunday. The reservoir’s sixth well, named Tamar-8, will cost $265 million to dig, they said.

Drilling will begin in the fourth quarter and connect it to the 282-billion- cubic-meter reservoir’s infrastructure.

Be the first to know - Join our Facebook page.


According to Delek and Avner, the additional well is intended to supplement the existing Tamar supply during peak usage. In general, electric companies get priority access to the natural-gas supply over private companies when there is high demand. This could possibly alleviate the need for factories to switch back to other forms of power.

Drilling will take place about 100 kilometers away from the Haifa coast.

The water depth in this area is 1.7 km. deep, while the drilling will go about 3.5 km. underneath the seabed.

The drilling stage is expected to take two and a half months, while an additional month and a half will is expected to outfit the well with the pipe, filter and valves need to hook up to the main Tamar infrastructure. A staff of about 100 people will carry out the work via a floating drill rig, and part of the equipment will include an unmanned submarine on the seabed at the well’s opening.

The reservoir is owned by Noble Energy (36 percent), Delek subsidiaries Delek Drilling and Avner Oil Exploration (15.625% each), Isramco (28.75%) and Dor Gas Exploration (4%).

JPOST VIDEOS THAT MIGHT INTEREST YOU:


Noble and the Delek Group subsidiaries also own the largest shares in the Leviathan reservoir, which is in the process of being developed.

Currently, natural gas accounts for 60% of Israel’s power supply, with 98% of that gas coming from Tamar through a single pipeline. The field only provides gas to Israel, while Leviathan is expected to mostly serve the export market.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Workers strike outside of the Teva building in Jerusalem, December 2017
December 18, 2017
Workers make explosive threats as massive Teva layoff strikes continue

By MAX SCHINDLER