The capital market had expected a discovery of 2 TCF.
Noble Energy said that with the addition of Karish and the recent increase in resource estimates at Tamar and Leviathan, total discovered gross mean resources in the Levant Basin were now estimated at 38 TCF.
Drilling of the Karish 1 well began in March, and cost $90 million. According to the prospective resources report, published in December, there was a 77% chance of finding gas. The well is located 75 kilometers northwest of Haifa. Its target strata were Tamar Sands.
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