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    Isramco reports gas reservoir

    Projects and Operations // July 28, 2000
    Isramco, operator of the Nir-1 well, offshore Israel, has announced that the Nir-1 had reached a depth of 1,900m (approximately 6,200ft) and that the analysis of the logs indicates the existence of a gas reservoir.

    The operator recommended that production tests be carried out. The partners were requested to approve the production tests and a budget of $2.9 million not later than Thursday, July 27, 2000.

    In addition, the operator recommended that the well be deepened an additional 500m (approximately 1,600 feet) in order to check for the possibility of an additional gas reservoir at a deeper level. The partners approved the operator's recommendation andapproved an additional budget of $1.9 million for deepening the well.

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