Pelagic resources estimate strong

The Pelagic licences offshore Israel have a relatively high probability for geological success, project partner Israel Opportunity says, after a new study put unrisked resources of natural gas at 6.7 trillion cubic feet and at 1.4 billion barrels of oil.

Opportunity: The consortium hopes to begin drilling at the first Pelagic site in the fourth quarter of 2012.
Opportunity: The consortium hopes to begin drilling at the first Pelagic site in the fourth quarter of 2012.
Published 4 June 2012, 06:15Updated 8 June 2012, 09:32
Middle East