Israel: Noble Abandoning Pinnacles 1 Well

Noble Energy Mediterranean announced that due to a significant increase in the water flow rate in the production of natural gas from Pinnacles 1 well, it has decided to close the bar, and prepare for final abandonment.

Abandonment operations are planned to be performed during 2014, after obtaining the necessary permits and obtaining the material and equipment required for that, a statement said.

Noble Energy owns 47 percent of Pinnacles, Delek Drilling 25.5 percent and Avner Oil Exploration 23 percent. Delek and Avner’s parent, Delek Group, holds 4.44 percent.

[mappress]
LNG World News Staff, August 5, 2013