No. 12



Israel Reports Offshore Gas Discovery, Breaks Off Negotiations With Egypt

Israels Samedan on 8 March reported another natural gas discovery in offshore Israeli waters, the third in under a year. With the well flow restricted by equipment limitations, the Mari 1 well tested at a rate of 30mn cu ft/d of natural gas from an 89-foot pay zone. Company officials believe the well has a potential production rate of 100mn cfd. The well was drilled in 795 feet of...