Middle East Economic Survey

VOL. LII

No 6

9-Feb-2009

israel

Tamar Consortium Awaits Test Results, Plans Two More Wells

The US-Israeli consortium that announced a large offshore gas discovery at the Tamar prospect in January is set to drill two more offshore wells over the next six months, at a cost of around $125mn, including an appraisal well. Houston-based Noble Energy, which operates the consortium, said on 17 January that preliminary estimates at the Tamar-1 well indicated gross mean resources...