05.07.2009
Where a well has been abandoned, the holder of the petroleum right shall erect thereon a sign, being a 6-inch vertical steel pipe planted firmly in the ground and projecting at least 1.5 meters above ground level
Market capitalization is the total value of a company’s issued share capital as determined by its share price in the stock market. It is calculated as the number of ordinary shares in issue multiplied by the previous day’s closing share price and is expressed in millions. The formula is the following: = (share price * shares in issue) / 100
There are two main classifications for marine sediments, terrigenous and pelagic. Terrigenous sediments are derived from land and found near shore. Pelagic sediments settle slowly out of the water column and are deposited all over the ocean. Pelagic sediments are deposited at such low rates that they tend to be overwhelmed near shore by terrigenous deposits from land. So, pelagic sediments are normally associated with deep sea regions. There are four main compositional groups for marine sediments: Lithogenous sediment that is derived from rocks. Biogenous sediment that is derived from living organisms, normally planktonic organisms. Hydrogenous sediment are derived from the ions in seawater. Cosmogenous sediments, which from the Earth being continually bombarded from space by meteors and cosmic dust. Some of this material doesn’t burn up in the atmosphere and reaches the oceans, where it can settle down to the ocean floor. Cosmogenous sediment is never a dominant type of sediment — it is never more than a tiny fraction
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
A general classification of fuels that includes heating oil, diesel fuel and kerosene. Products heavier than motor gasoline/naphtha and lighter than residual fuel oil
Crude oil produced mainly in Kenzas, Oklahoma and North Texas
Long submarine mountain range that winds along the middle of the ocean floor. The mid-ocean ridge system is essentially a segmented, linear shield volcano. There are a number of major ridges, including the Mid-Atlantic Ridge, which runs down the centre of the Atlantic; the East Pacific Rise in the southeast Pacific; and the Southeast Indian Ridge. These ridges are now known to be spreading centers, or divergent margins, where two plates of oceanic lithosphere are moving away from one another. Ocean ridges can rise thousands of meters above the surrounding seabed, and extend for up to 60,000 km in length. Ocean ridges usually have a rift valley along their crests, indicating where the flanks are being pulled apart by the growth of the plates of the lithosphere beneath. The crests are generally free of sediment; increasing depths of sediment are found with increasing distance down the flanks
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