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calendar   Saturday - January 24, 2009

A New Twist To The Game

Israel Finds Giant Natural Gas Field Off Of Coast




NEW YORK – A huge deep-water natural gas find off the coast of Israel promises to be a boon to the Jewish state’s economy as well as a stimulus to other developers searching for offshore oil and natural gas in the Mediterranean.

Noble Energy, a New York Stock Exchange-listed company, has discovered an estimated more than 3 trillion cubic feet of natural gas in three high-quality reservoirs drilled in the company’s Tamar No. 1 well in the Mediterranean Sea, about 56 miles off the Israeli northern port of Haifa.

Noble Energy drilled the Tamar No. 1 well to a depth of about three miles, beneath 5,500 feet of water.

The find is significant for those who believe the Bible indicates Israel is sitting on a massive oil reserve that would reshape the geopolitical structure of the Middle East.

The Tomar site is estimated to be three times as large as the Mari-B natural gas field off Israel’s southern shore that analysts estimate may reach depletion within five years, according to a report published by Israel12c.org.

“We are witnessing an historic moment in Israel’s energy market,” Israel’s National Infrastructure Minister Binyamin Ben Eliezer told Reuters. “If it turns out in a few weeks that the indicators received in recent days are true, then we are talking about the biggest find in Israel’s history.”




The only way they found this field was by going out and looking for it, and by drilling. I’m sure they drilled nice clean holes, but they didn’t let any possible environmental impacts to the Eastern Mediterranean Flip-Flopper fish (aka the towel headed sand shark) slow them down one iota.


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Posted by Drew458   United States  on 01/24/2009 at 05:59 AM   
Filed Under: • IsraelOil, Alternative Energy, and Gas Prices •  
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Oh, and here's some kind of visitor flag counter thingy. Hey, all the cool blogs have one, so I should too. The Visitors Online thingy up at the top doesn't count anything, but it looks neat. It had better, since I paid actual money for it.
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