Wednesday, October 23rd | 24 Tishri 5780

Subscribe
June 3, 2012 10:31 am

New Giant Offshore Oil and Gas Field Discovered by Israel

avatar by News Editor

Related coverage

October 23, 2019 3:36 pm
0

Family Calls ‘Interview’ of Imprisoned Israeli-American Woman Naama Issachar a Russian Government PR Ploy

Russian media outlets carried an interview on Wednesday with the Israeli-American backpacker who was recently sentenced to seven-and-a-half years in...

Gas pipes.

Israel National News – An Israel energy company announced Sunday it has discovered an off-shore energy field that may even surpass previous finds in terms of the possibilities of developing commercial grade oil.

Israel Opportunity Energy Resources LP announced that its Pelagic licenses indicate 6.7 trillion cubic feet (TCF) of gas and 1.4 billion barrels of oil. By comparison,  the previously announced Tamar and Leviathan off-shore fields contain an estimated 9 and 17 TCF of natural gas. The amount of commercial oil, if any, has not been finalized, but estimates of possible oil in the Leviathan field have been downsized to 600 million barrels.

Read full story.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.