Category: Oil and Gas business

Gas field that was discovered in February 2000 and belongs to the Yam Tethys corporation and is the first gas field to be developed on Israel’s Mediterranean coast. First gas from the field started flowing into IEC’s power station in Ashdod in February 2004. Noble is the operator of the field.

In Q42006 and Q12007 Yam Tethys drilled the Mari B 7 in order to increase the production of gas from the Mari field in order to provide peak consumption to IEC. In November 2009, the partners approved the drilling of two more wells Mari B 8 and Mari B 9 at a cost of $85 million to take place in 2010 in order to increase production capacity. 30″ pipeline. It is understood that Yam Tethys can accommodate supplies of up to 350 mmcfd (3.6 bcm a year).

On 3.3.2010, Netherland, Sewell and Associates sent an appraisal report of the estimated natural gas reserves in the Mari B field updated for 31 Dec 2009. According to the report NSAI increased their estimation regarding the type of proved reserves of natural gas in Mari B, as of before the start of production by 7.5% and this in light of the new production data available over the years. NSAI estimates that the proved updated reserves of natural gas on the 31/12/09 are about 13.38 bcm and proved and probable of about 14 bcm.

Delek Drilling 2010 Report: Mari B 1 P proved reserves = 10.18 bcm and 3 P = 11.43 bcm.

Amounts of gas sold in 2010 were 3.2 bcm