Noble success offshore IsraelProjects and Operations // June 16, 2000
The Noa South Number l well was drilled in 2,430ft of water approximately 23 miles off the coast of Israel. The well is 2.2 miles south of the initial discovery well Noa l and eight miles west of the Mari-B field discovery announced earlier this year.
The Noa South l well encountered 114 feet of gas bearing sands compared to 64 feet of gas sands in the Noa l well. The Noa l well tested at a rate of 30 million cubic feet per day.
Based upon electric log evaluation and other data obtained from the well, Noa South l will be capable of flowing at commercial rates in excess of that tested at Noa l. The Noa South l well confirms recoverable reserves of more than 200 billion cubic feetof gas in the Noa area and more than 1.3 trillion cubic feet of gas in the greater Noa/Mari-B areas.
The Noa South l well marks the fourth consecutive successful well drilled by the company offshore Israel. The company is currently in discussions with Israel Electric Corporation, and has entered into a non-binding Memorandum of Understanding to supply 250 million cubic feet of gas per day to its power plants with initial deliveries commencing late 2002 or early 2003.
The company says it intends to recommence exploratory drilling later this year in anticipation of meeting the expected demand growth for natural gas in Israel.