web analytics
April 27, 2015 / 8 Iyar, 5775
At a Glance
News & Views
Sponsored Post


Off-Shore Oil Field May Contain 3 Billion Barrels of Oil

Noble told analysts that drilling will not begin before the end of next year.
F130404FFF02

Photo Credit: Albatross Aerial photography/Nobel Energy/FLASH90

Noble Energy now estimates that that its Leviathan oil field discovery in Israeli and Cypriot waters may contain up to 3 billion barrels of oil, double the previous estimate that did not include Block 12 off of Cyprus.

The same field also ready has been determined by Noble and its partner Delek to contain 19 trillion cubic feet of natural gas and another 4 trillion at Block 12. At today’s prices, the value of the potential oil field is nearly $3 billion.

Noble told analysts that drilling will not begin before the end of next year.

Israel began using its own off-shore natural gas for the first time earlier this year and have brought Israel on the way to energy self-sufficiency as well as an exporter of energy.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

6 Responses to “Off-Shore Oil Field May Contain 3 Billion Barrels of Oil”

  1. That is great news–Now we can [Israel ;U.S,E.U ,and Cyprus ;and Egypt also can and Should start the Liberation of Cyprus from the modern Ottaman Turkish Barbaric Invasion… Sharia-Free Cyprus it will be soon—–Thank You

  2. a united and Christian Cyprus!!! avenge the Turkish genocide against Greeks and Armenians…unite Cyprus and re-occupy what has been Greek for thousands or years!

  3. Yechiel Baum says:

    Don't tell Bibi and Livini before they give it away to the arabs and forgo the exploration expense. Bibi this oil could fuel the jet you want for your own use.

  4. Basha Kline says:

    The oil-rich barons of the middle east have done zilch to help their "brothers" in the rest of the world, where they live in squalor or are victims of natural disasters or have even been subjected to fanatic leaders – these, mainly Saudis, will end up drinking their oil as they have been too greedy to share their bounty. Israel will, as always spread the wealth of their discovery and with Gd's will, the world just may become a better place for it. I live in hope…!

  5. The World still does not realize what this "find" means. This great Nation of Israel just pulled itself up by it's 'bootstraps' once again. Is there another country in the whole world as strong, healthy and free (yes, with all their worts) that occupies less territory than almost every other country on earth ?

  6. Aron Bally says:

    Wonderful!!Finally independent from oil suppliers and arab pressure.

Comments are closed.

Current Top Story
Map of Gaza City rocket launcher sites in school yard. July 22, 2014
UN Admits: UN Schools and Facilities Used by Hamas Terrorists
Latest News Stories
Daniel Cole and Mendy Losh

The families of two American Jews began breathing again early Monday after Danny Cole and Mendy Losh “phoned home” from a small village thousands of feet high on Mount Everest to say they’re still safe.

Map of Gaza City rocket launcher sites in school yard. July 22, 2014

UN admits Israel was right – Hamas attacked Israelis from UN facilities. Oops.

Senator Bob Corker (R-TN), co-sponsor of the Iran Nuclear Agreement Review Act.

Senators want Iran to recognize Israel, release Jason Rezaian and for the President to certify Iran isn’t targeting US citizens…

Princeton University students voted down an Israel Divestment referendum in April, 2015.

The divestment measures are driven by hatred of Israel, not humanitarian concerns about Arabs.

Eleven Israelis, including 3 babies were returned to Israel from Nepal overnight. Here’s one of them.

No one was hurt because the bus was empty. No one heard about it because of the politically (in)correct media.

Biotech giant and cash-rich Gilead Sciences will open a marketing office in Israel, Globes Business news reported, making the company the first new generation American biotech firm to do so in the country. NewPharm in Israel markets Gilead’s products to the tune of tens of millions of dollars year, and the local company said Gilead […]

Israel leads rescue efforts. Death toll will rise. Thousands are homeless. Below: Dramatic as-it-happened video.

No matter who was behind the attack, Hezbollah knows it has more than one enemy.

The left-wing party’s problem is that the ministry spent more money to promote Judaism than democracy.

Arab sources report the IAF destroyed a missile site and killed Syrian soldiers.

The 4 terrorists were trying to plant a bomb in Israel on the Golan Heights.

The first group of rescued Israelis from Nepal are to arrive home on an IAF airlift in the wee hours of Monday with 3 premature babies.

Chabad co-emissary Chani Lifshiftz says “hundreds of Israelis” arrive safely at the Chabad House after deadly quake in Nepal.

Vying for dominance in the WZO election, are movements within our nation which seek to undermine and subvert Orthodox Judaism.

British MP Ed Miliband has again been targeted, this time in a political campaign for being “the Jew.”

More Articles from Jewish Press News Briefs

Biotech giant and cash-rich Gilead Sciences will open a marketing office in Israel, Globes Business news reported, making the company the first new generation American biotech firm to do so in the country. NewPharm in Israel markets Gilead’s products to the tune of tens of millions of dollars year, and the local company said Gilead […]

Air Force chief Ido Nehushtan checking an unmanned aircraft. Jihadists say they won't cease fire until Israel stops targeted killings which often utilize drones.

The 4 terrorists were trying to plant a bomb in Israel on the Golan Heights.

United Hatzalah, Zaka and First are among the first emergency responders from Israel to arrive in Nepal on Sunday as part of an international effort.

An Arkia plane made an emergency landing at Ben Gurion Airport Sunday morning after a bird was caught in one of the planes’ engines during a flight to Eilat. The plane landed safely. It was the second emergency landing in a week at the airport. An El Al plane that took off for Prague last […]

Several Israelis suffered minor injuries in Saturday’s devastating earthquake in Nepal that killed approximately 1,500 people, but approximately 250 Israelis are not accounted for, according to the Foreign Ministry. Communications systems have been disabled by the earthquake, which measured 7.9 on the Richter scale and is the latest in a series of disasters that have […]

The road from Jerusalem to Ma’aleh Adumim is closed to traffic due to Arab stone-throwing.

A soldier was stabbed, and a second soldier was nearly stabbed in separate attacks on Shabbat.

Printed from: http://www.jewishpress.com/news/breaking-news/off-shore-oil-field-may-contain-3-billion-barrels-of-oil/2013/12/17/

Scan this QR code to visit this page online: