05.07.2009
Regarding oil and gas reserves, the term economic signifies that the income of a certain operation is greater than the expenses thereof
Device used to calculate the distance of an obstacle based on the time a sound wave takes to travel to the obstacle and back
The East Mediterranean Basin (EMB) is an emerging exploration province. The gas is accumulated in Pliocene deepwater turbidite sands, and it is considered an extension of the Nile delta biogenic province offshore Egypt. Other thermogenic hydrocarbon systems (oil and gas) in the basin and on its margin are, however, under-explored. Geochemical fingerprints of the hydrocarbons encountered indicate at least four thermogenic systems: 1) Heletz system – reservoired in Lower Cretaceous siliciclastics and Jurassic carbonates on the basin margin. The source is the Middle Jurassic Barnea limestone; 2) Meged system – oil in Triassic carbonates tested east of the basin. The suggested source is unknown Silurian shale; 3) Yam system – non-commercial accumulations of condensates tested in Jurassic carbonates in offshore wells. The suggested source is unknown rocks deposited within Early Mesozoic grabens; 4) Mango system – sub-commercial oil quantities in Mango-1 well offshore Sinai. The suggested source is an unknown Lower Cretaceous rock.
(attached map of Eatern Med by USGS)
Buys electricity from IEC and distributes it to East Jerusalem and to the Palestinian towns in the West Bank
The Neptune, Mercury, Minerva, Apollo, Wollaston and Whittle gas fields in the southern North Sea are collectively referred to as the ECA
Similar to farmin agreement but differs only in the timing of a governmental approval, which is given only when license work obligations are complete. Mostly undertaken in the UK, where the Department of Trade and Industry maintains that since licensees in the UK bid for licenses in the rounds by offering work programs rather than cash, they ought to see those programs completed before using the licenses as part of their asset portfolio for trading purposes