Noble Energy makes natural gas discovery off Israel

Independent exploration and production firm Noble Energy announced Wednesday it made a new deep-water natural gas discovery off Israel.

The Houston-based company is the operator of the license where the Karish well is located, about 20 miles northeast of the Tamar field in the Mediterranean Sea. The well is in 5,700 feet of water and was drilled to a total depth of 15,783 feet.

Noble said the well encountered 184 feet of net natural gas pay.

Discovered gross resources, combined with resources in an adjacent block, are estimated to range between 1.6 trillion and 2 trillion cubic feet of natural gas, the company said.

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The find marks the seventh consecutive field discovery for Noble Energy and its partners in the Levant Basin of the eastern Mediterranean Sea.

An Ensco rig drilled the Karish well.

In addition to being the operator, Noble Energy holds a roughly 47 percent stake in the license where the well sits. Avner Oil and Delek Drilling also have stakes.

Noble Energy has onshore operations in the DJ Basin and Marcellus Shale in the U.S. and offshore operations in the Gulf of Mexico, eastern Mediterranean and West Africa.