TEL AVIV Oct 19 A consortium of Israeli
companies and Noble Energy (NBL.N) of the United States said on
Sunday they will soon begin drilling for natural gas off
Israel's Mediterranean coast at a cost of $144.5 million.
The Israeli partners in the project are Isramco Negev 2,
Delek Drilling (DEDRp.TA), Avner Oil Exploration (AVNRp.TA) and
Dor Gas Exploration.
The Tamar 1 drilling site is located 90 km west of the
northern port of Haifa and is considered to be the most
promising drilling site in Israel, Isramco said in a statement.
Noble estimates there is a 35 percent chance of finding
natural gas, in the amount of 1 billion cubic meters, the
Isramco Negev 2 is a subsidiary of Naphtha Israel Petroleum
Noble, Delek and Avner are already developing a natural gas
site off Israel's southern coast.
(Reporting by Tova Cohen; Editing by Tomasz Janowski)