Arab Israeli Conflict
Middle East News
Hi Tech News
After an initial appraisal stage, the $77 million well will be used to produce gas – which is slated to serve both the Israeli local market and potential export outlets.
If the consortium were to win the tender, Capricorn would own a 50 percent stake in the license, while the other half would be split equally between Delek Drilling and Avner with a 25% stake each.
Drilling will begin in 2016's last quarter and connect to the 282 billion-cubic-meter reservoir's infrastructure.
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