Israel focused Greek firm Energean says it has “made a commercial gas discovery” of 7-15bcm (0.2-0.5tcf) with the Hermes exploration well on Israel’s Block 31 acreage (see map, p10). This is substantially below the 1.1tcf the firm had been targeting (MEES, 18 March).
“The Hermes discovery has helped to de-risk the nearby Poseidon and Orpheus structures, which represent attractive potential future appraisal targets to fully assess the potential of the area around Block 31,” Energean says. (CONTINUED - 197 WORDS)