Israel: Pinnacles Drilling Starts Soon, Delek Says
Delek Group has reported that Pinnacles #1 exploration well, situated close to Mari-B is due to start in the coming days and is expected to last for approximately 5 weeks.
According to a report prepared by Netherland, Sewell and Associates (NSAI) the estimated unrisked gross prospective gas resources for the Pinnacles Prospect, as of December 31, 2011, is expected to be:
Israel’s financial newspaper Globes reports that the drilling operations will cost $30 million. The Globes further says that if gas is encountered at the Pinnacles well, the partners (Delek, Noble Energy) will need to shell out $100 million to tie the well to the Yam Thetys platform. Noble Energy in February said that ENSCO 5006 rig would be used for drilling at Pinnacles area.
Offshore Energy Today Staff, March 5, 2012