TEL AVIV Oct 2 The Shimshon reservoir off
Israel's southern Mediterranean coast has the potential for
about 550 billion cubic feet of natural gas, Modiin Energy
said on Tuesday.
According to an evaluation prepared by Texas-based
consultants Netherland, Sewell & Associates, 550 bcf is the best
estimate of gross contingent resources for the reservoir while
277 bcf is the low estimate and 912 bcf the high estimate.
The Shimshon license is located 92 km west of the coastal
city of Ashkelon and was declared a gas find in August.
ATP Oil & Gas Corp holds a 40 percent working
interest in the well, Modiin Energy owns 10 percent and Isramco
Isramco is also a partner in the much larger Tamar field,
located further north, which has estimated reserves of 9.7
trillion cubic feet of gas.