No 09



Isramco Abandons Nir-1 Gas Well In Med Ashdod Block

Isramco has announced that it is abandoning its Nir-1 gas discovery on the Med Ashdod offshore block, after deciding that the field cannot be developed commercially, according to a Globes report of 16 February. Isramco, which operates the block, announced that it had failed to find commercial gas at its Nir-2 well in late 2003. The consortium is understood to be evaluating two other prospects on the block for...