Potential offshore gas find for Israel

The Tamar and Leviathan offshore gas fields have been huge finds for Israel. According to recently acquired 3D seismic data, there could be a third.

The data suggests this new field called “Royee” could hold around 3 trillion cubic feet of natural gas. There are plans for drilling an exploratory well in December 2015.

While this could be very beneficial for Israel, it is only preliminary data, and time will tell if the field actually holds that much gas, or if it can be accessed.

Read the full article HERE.

This news brief about energy in Israel is provided to you by Zion Oil & Gas, Inc.

Zion Oil & Gas explores for oil and gas onshore Israel currently only within Zion’s Megiddo-Jezreel license area.