Oil drilling near Haifa halted
Published May 14, 2012
JERUSALEM (JTA) — Oil drilling in the Mediterranean Sea off the coast of Haifa has frozen as the investment partners prepare to put a new oil rig in place.
Drilling in the Leviathan oil field, which began more than a year ago, has not yet produced any oil. But it is believed that oil will be discovered at a different depth, in new drilling that will not begin for another year, Ynet reported.
The partners, including Noble Energy and the Delek group, say that estimates show at least six hundred million barrels of oil in the field. The field also contains a large natural gas reserve.
Don’t miss out! Get the JTA Daily Briefing delivered FREE to your inbox!
Click to login and write a letter to the editor or sign up for the Daily Briefing.
This article was made possible by the support of readers like you. Donate to JTA now.