Middle East Economic Survey

VOL. XLVII

No 36

6-September-2004

ISRAEL

Yam Thetis Downgrades Mari-B Gasfield Reserves

The Israeli consortium Yam Thetis has downgraded gas reserves estimates for its producing offshore Mari-B gasfield. In its statement of financial results for 2Q, Yam Thetis said that proven gas reserves at the field were estimated at 25.6 BCM (0.9 TCF) before production started, some 10% lower than the estimate provided by shareholder Noble Energy (47%), which said earlier this year...