Tamar

In November, 2008, drilling commenced on the Tamar 1 well, at a depth of 1,680 meters undersea, and roughly 90 km west of Haifa.

On January 17, 2009 the partners of the Tamar joint venture (in which Delek Drilling and Avner each own a 15.625% interest), led by Noble Energy, reported a significant natural gas discovery at “Tamar-1”.

The Tamar-1 well was drilled to a total depth of 4,900 meters to test a sub-salt, lower-Miocene structure in the Levantine basin. The well identified more than 460 feet of net pay in three high-quality reservoirs, in subterranean dunes 140 meters high. The Tamar-1 well was successfully tested, and the Tamar-2 appraisal well was successful as well.
 
Tamar was appraised by NSAI, one of the leading independent reservoir engineering and appraising firms in the world, at 9.7 TCF (over 274 BCM) of natural gas (2C).

 

 Tamar was the world's largest natural gas discovery in 2009 and is dedicated source of natural gas for the Israeli market that would meet Israel's demand for 20+ years.

 

The Partnerships (WI= 31.3%), together with Noble Energy and other partners, have undertaken the largest infrastructure project ever to be built in Israel with an investment of US$ 3 billion, which is on schedule and budget to deliver gas to Israel by April 2013 upon the expected depletion of the "Yam Tethys" reservoir.

 

 

Development

 

After spending a total of $274M USD on the successful Tamar-1, Tamar-2 and Dalit wells, Delek Energy's task, along with its partners, is now to bring the gas to shore. To this end, we are pursuing an aggressive development plan in order to produce gas by 2013.

 

The total budget for the first phase of development is about 3 billion US$, and includes 5 subsea wells (200 to 250 Mmcf/d each )- expected to be of the highest efficiency production wells in the world.

 

Production will be gathered at the field and delivered via Dual 16” flowlinesand a new platform will be constructed adjacent to the existing Mari-B structure.

The Tamar platform will tie into the existing 30 ” pipeline that delivers natural gas to the Ashdod onshore receiving terminal. The initial processing capacity up

to 1.0 bcf/d. 

The project includes gas injection, storage and withdrawal in the Mari-B reservoir.

 

Pictures from the development:

 

    

 

Dalit

 

Further to the Tamar discovery, in March, 2009, Delek's explorations discovered another well, the Dalit, at a total depth of 3,660 meters, in a 33-meter subterranean dune.

 

We estimate that Dalit, with Gross Mean Resources that will approach 500 BCF (.5 TCF / 14.2 BCM) – will be able to produce 200 million Mmcf daily - - constituting another commercial discovery.