JPost.com Staff , THE JERUSALEM POST Jul. 8, 2009
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The natural gas reserve discovered off the shores of Haifa is approximately
25 to 30 percent richer than previously assessed, US oil operator Noble
Energy Inc., said after drilling to verify the find.

The site, previously assessed to hold more than 142 billion cubic meters
(BCM) of natural gas, may in fact hold as much as 180 BCM.

The potential revenue from selling gas from the offshore reserve may reach
$30-35 billion.

At the end of April, drilling to verify the size of the reserve was
conducted at a site dubbed Tamar 2, north of Tamar 1. Over the last few
days, electronic testing suggested that the amounts of gas at the Tamar
reserve were higher than initially expected.

In related news, a site called Dalit, west of the coast of Hadera, was
assessed to hold some 14 BCM of natural gas.