The Israeli partners in the offshore Leviathan natural gas field Monday said drilling in one of its wells has been halted due to technical problems.
The Israeli partners in the offshore Leviathan natural gas field Monday
said drilling in one of its wells has been halted due to technical problems.
The operators were trying to fix the problems Monday, and said it is too early
to tell if the current issues will affect the timetable or success of the well,
according to Avner Oil and Gas Ltd. Partnership (AVNR.L.TV), one of the
partners in the project.
This is the third time drilling has been halted due to technical problems in
recent months.
Texas-based Noble Energy Inc. (NBL) operates the Leviathan field along with
Israeli companies Avner, Delek Drilling Ltd. Partnership (DEDR.L.TV) and Ratio
Oil Exploration Ltd. Partnership (RATIL.TV).
The Leviathan natural gas field is estimated to contain up to 16 trillion cubic
feet of natural gas and is expected to begin production in 2017.
At 0955 GMT, shares of Avner were down 0.027 shekels, or 1.46%, at ILS1.81
($0.50); shares of Delek Drilling were down ILS0.19, or 1.83%, at ILS10.20; and
Ratio shares were down ILS0.013, or 3.89%, at ILS0.346, in a lower Tel Aviv
market.
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