Israeli Leviathan gas Field estimate revised upwards

The best estimate of the amount of gas in Leviathan is now 21.93 TCF, 16% higher than previously estimated.

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The estimate of the amount of gas in the Leviathan off the coast of Israel has again been revised upwards. The partners in the reserve report this morning that the amount of gas is 16% higher than previously estimated. According to an updated resources report by NSAI, the best estimate of the quantity of gas in Leviathan is 21.93 TCF (trillion cubic feet), which compares with 18.9 TCF in the company’s previous resources report.

The rise in the resources estimate stems from a broader and deeper database on the Leviathan gas field, including new processing and analysis of the 3-D seismic surveys, and analysis of various laboratory tests of the rocks and fluids in the reserve.

Published by Globes [online], Israel business news – www.globes-online.com – on July 13, 2014

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