Noble Energy, Inc. (NYSE:NBL) today announced resource estimates from its Leviathan well in the Rachel license offshore Israel.
As quoted in the press release:
The Leviathan #4 appraisal well was drilled to a total depth of 16,992 feet and encountered 454 net feet of natural gas pay in multiple intervals, the thickest net pay of any well drilled to date at Leviathan. Reservoir quality and the field-wide gas/water contact were confirmed at the well location and 240 feet of core were recovered. These results have enhanced the Company’s understanding of the reservoir, which has led to an increase in the estimated recoverable gross mean resources of the field to 18 trillion cubic feet (Tcf) with a range(1) of 15 to 21 Tcf.
Noble’s Chairman and CEO, Charles D. Davidson, said:
The successful Leviathan #4 well has provided us with additional information to improve our knowledge of this enormous resource. Our teams are working with our partners and the Israeli government towards sanction of a domestic project at Leviathan this year.