Energean finds 13 billion cubic meters of natural gas off Israel's shore

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Energean finds 13 billion cubic meters of natural gas off Israel's shore
The discovery, alongside the confirmation of more gas in a neighboring well, confirms the value of the “Olympus area.”
By ZACHY HENNESSEY
Published: NOVEMBER 7, 2022

Energean PLC has announced a new commercial natural gas discovery of 13 billion cubic meters off the shore of Israel as a result of its exploratory drilling well dubbed Zeus-1. It has also confirmed the presence of an additional 3.75 bcm at its Athena site. These discoveries have confirmed the company’s suspicions that the so-called “Olympus area” located between the Karish and Tanin gas fields are both voluminous and commercially viable.

The company is now plotting its next steps toward capitalizing on the area’s bounty and expects to update the market on the total resource volumes within the Olympus area, taking into account the uplifted volumes in both Zeus and Athena, in early 2023.

more............ https://www.jpost.com/business-and-innovation/energy-and-infrastructure/article-721662
 
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