Showing posts with label Lebanon. Show all posts
Showing posts with label Lebanon. Show all posts
Tuesday, May 7, 2013
Monday, May 6, 2013
Spectrum extends Lebanon seismic shoot
Polarcus’ 12-streamer vessel Adira has begun acquiring data for the 2200-square kilometre shoot, which was first flagged last week.
Data acquisition is due to be completed in early June, with fast-track data available in mid-July and final data by the end of August, Spectrum said.
The survey of the northern part of the Levantine Basin and the basin margins falls within licensing blocks 1, 3, 5 and 6 of the first Lebanese offshore licensing round as opened by the Lebanese government on Tuesday.
The survey lies directly north of the seismic contractor’s 3052-square kilometre survey completed last year.
A total of 52 international players, including ExxonMobil and Shell, have applied to pre-qualify for the tender of blocks in the Mediterranean waters of the Levantine basin that have already yielded the giant Leviathan gas find for US explorer Noble Energy.
Meanwhile Ratio Oil Exploration, a junior partner in the consortium developing Leviathan, said in a statement to the Tel Aviv Stock Exchange on Wednesday that the field’s estimated reserves have climbed to 18.9 trillion cubic feet. The previous estimate was 18 trillion cbf.
Ratio holds a 15% stake with US independent Noble Energy on 39.66% and Israel’s Delek Group on 45.34%.
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