Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Regulatory hurdles and tense regional geopolitics have seen exploration offshore Israel grind to a halt since July, despite 36 tcf of gas discoveries.
Several key licenses are due to expire by early 2016 with companies facing the prospect of a ‘use it or lose it’ deadline, and a number of them have scheduled drilling next year.
No exploration wells have been spudded offshore Israel for five months now though, the first such barren period since the country’s key offshore gas discoveries – 10 tcf Tamar and 22 tcf Leviathan – were made in 2009 and 2010. Exploration peaked in late-2011 when five rigs were drilling simultaneously (see graph).
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE